Multiple Choice
-The figure above shows the U.S.production function.How would an increase in capital be shown in the figure?
A) an upward shift or rotation of the production function
B) a downward shift or rotation of the production function
C) a movement from point A to point B
D) a movement from point C to point B
E) None of the above because the effects of an increase in capital cannot be shown in the figure.
Correct Answer:
Verified
Correct Answer:
Verified
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