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The Following Figure Shows Two Aggregate Production Functions

Question 10

Multiple Choice

The following figure shows two aggregate production functions.
The following figure shows two aggregate production functions. -Refer to the figure above.Which of the following best describes the difference between aggregate production functions 1 and 2? A) Human capital is higher for function 1. B) Physical capital stock is higher for function 1. C) The returns for increases in physical capital stock are higher in function 1. D) Better technology is employed in function 1.
-Refer to the figure above.Which of the following best describes the difference between aggregate production functions 1 and 2?


A) Human capital is higher for function 1.
B) Physical capital stock is higher for function 1.
C) The returns for increases in physical capital stock are higher in function 1.
D) Better technology is employed in function 1.

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