Solved

The Figure Below Shows Three Different Per-Worker Production Functions: PF1,PF2,and

Question 52

Multiple Choice

The figure below shows three different per-worker production functions: PF1,PF2,and PF3.If PF1 is the initial per-worker production function for a farm,which of the following reflects an increase in the number of tractors per worker in the farm?
The figure below shows three different per-worker production functions: PF<sub>1</sub>,PF<sub>2</sub>,and PF<sub>3</sub>.If PF<sub>1</sub> is the initial per-worker production function for a farm,which of the following reflects an increase in the number of tractors per worker in the farm? A) A movement from point D to point C B) An upward shift from PF<sub>1</sub> to PF<sub>2</sub> C) A downward shift from PF<sub>1</sub> to PF<sub>3</sub> D) A movement from point C to point D E) A movement from point D to point B


A) A movement from point D to point C
B) An upward shift from PF1 to PF2
C) A downward shift from PF1 to PF3
D) A movement from point C to point D
E) A movement from point D to point B

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: If per capita GDP growth exceeds labor

Q48: The production possibilities curve for capital and

Q49: Between 1982 and 2002,U.S.GDP per capita grew

Q50: Labor cost on an average accounts for

Q51: Which of the following is the prime

Q53: According to Nobel Laureate Simon Kuznets,the greatest

Q54: Over the last century,U.S.labor productivity has:<br>A)fallen.<br>B)been constant,on

Q55: If a nation moves upward along its

Q56: The share of research and development funding

Q57: Surgeons earn more than janitors because:<br>A)of the