This topic contains a solution. Click here to go to the answer

Author Question: As more capital per worker is added, a per worker production function generally becomes: a. flatter ... (Read 115 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
As more capital per worker is added, a per worker production function generally becomes:
 a. flatter because capital is subject to diminishing marginal returns.
  b. flatter because labor is subject to diminishing marginal returns.
  c. flatter because capital is subject to increasing marginal returns.
  d. steeper because capital is subject to diminishing marginal returns.

Question 2

If the general education level within a country rises significantly over time, it is likely that:
 a. the country will move to a different point along its current production possibilities curve.
  b. the country's production possibilities curve will not change in any way.
  c. the country's production possibilities curve will shift in.
  d. the country's production possibilities curve will shift out.
  e. the country's production possibilities curve will become convex to the origin.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stallen

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

a

Answer to Question 2

d




j.rubin

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Gracias!


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library