Multiple Choice
An increase in foreign investment in Brazil's mining industry will increase the capital stock in Brazil.All else equal,as the capital stock increases,the marginal product of capital (MPK) will
A) increase due to diminishing marginal returns.
B) decrease due to diminishing marginal returns.
C) increase since capital is not subject to diminishing marginal returns.
D) decrease since capital is not subject to diminishing marginal returns.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: The Cobb-Douglas production function represents real GDP
Q56: Suppose that the production function for the
Q57: Which of the following would be the
Q58: All else equal,continued increases in the labour
Q59: Suppose that the production function is Y
Q61: Suppose that the production function for the
Q62: Countries with a low standard of living
Q63: All else equal,as the capital stock increases,the
Q64: What two factors determine output per worker?
Q65: What is human capital? How do workers