Multiple Choice
For this question,assume that the production function exhibits the same characteristics as those presented in the textbook.Based on these characteristics (i.e.,assumptions) ,successive and equal increases in capital per worker will cause which of the following to occur?
A) Output per worker will decline.
B) Output per worker will not change.
C) Output per worker will increase by a constant amount.
D) Output per worker will increase by a larger amount.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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