« previous next »

Author Question: The production function is concave in capital because A) the contribution to production of each ... (Read 109 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The production function is concave in capital because
 
  A) the contribution to production of each additional unit of capital decreases.
  B) the marginal product of capital is increasing.
  C) the marginal product of labor is decreasing.
  D) the cost of loans increases with their quantity.

Question 2

Real gross national product is
 
  a. the same as national income if there were no depreciation and taxes.
  b. always less than national income.
  c. always greater than real gross domestic product.
  d. always less than nominal gross national product.


joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
The Production of Cytotoxic T-lymphocytes (CTLs) The Production of Cytotoxic T-lymphocytes (CTLs)
Graph to Function Cosine Graph to Function Cosine
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Use the graph of the function f(x) to answer each question. Use the graph of the function f(x) to answer each question.
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library