« previous next »

Author Question: The production function is concave in capital because A) the contribution to production of each ... (Read 92 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?

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?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

How to use the chain rule to find the derivative of a function How to use the chain rule to find the derivative of a function
How to find the average value of a function How to find the average value of a function
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Function Analysis Function Analysis
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Function of Bone Function of Bone
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library