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 106 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
:D TYSM


lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library