Multiple Choice
In a small Asian country,it is estimated that changing the level of capital from $8 million to $12 million will increase real GDP from $5 million to $6 million.If the number of hours worked in the labor force does not change,what does this information tell you about the slope of the per-worker production function in this range?
A) The slope is -4.
B) The slope is 1/4.
C) The slope is 4.
D) The slope is 8.
Correct Answer:
Verified
Correct Answer:
Verified
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