Multiple Choice
If the per-worker production function is y = Ak, where A is a positive constant, then the marginal product of capital:
A) increases as k increases.
B) is constant as k increases.
C) decreases as k increases.
D) cannot be measured in this case.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: In a steady state with population growth
Q20: Explain how the Solow growth model differs
Q21: Assuming that technological progress increases the efficiency
Q22: Explain why additional capital generates both positive
Q23: Endogenous growth theory rejects the assumption of
Q25: What is an endogenous growth model? How
Q26: Empirical evidence supports the theory that free
Q27: Economic research shows that _ in explaining
Q28: The analysis in Chapter 9 of the
Q29: Prescott interpreted fluctuations in the Solow residual