The fact that the production function relating output to capital becomes flatter as we move from left to right means that
A) the marginal product of labour is positive.
B) the marginal product of capital is positive.
C) there is diminishing marginal productivity of labour.
D) there is diminishing marginal productivity of capital.
Correct Answer:
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Q2: Under certain circumstances,the production function Y =
Q3: The total factor productivity is
A)a measure of
Q4: Which of the following statements is true?
A)The
Q5: The principle of diminishing marginal productivity of
Q6: The table below represents Freedonia's macroeconomic
Q7: In the production function Y = AF(K,N),A
Q8: The fact that the production function relating
Q9: The principle of diminishing marginal productivity of
Q10: The principle of diminishing marginal productivity implies
Q11: The marginal product of capital
A)is measured by
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