Multiple Choice
Production Function
Real GDP = T (L,K) ,such that Real GDP = T(L + K)
Assume that the technology coefficient is equal to 0.40.
-Refer to Exhibit 17-1.If this production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,the resulting graph would be
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.
Correct Answer:

Verified
Correct Answer:
Verified
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