Multiple Choice
If the economy's production function is given by Output = A(physical capital) .3(human capital) .7(hours worked) .7
Then the marginal product of physical capital is constant if
A) hours worked are a declining function of human capital
B) hours worked are a linear function of A
C) the ratio of human capital to physical capital is constant
D) total factor productivity (A) is independent of human capital
E) physical capital is equal to total factor productivity
Correct Answer:

Verified
Correct Answer:
Verified
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