The total factor productivity is
A) a measure of the overall effectiveness with which capital and labour are used.
B) shown by A in the production function Y = AF(K.N) .
C) used as a measure of technological improvement.
D) all of the above.
Correct Answer:
Verified
Q1: The fact that the production function relating
Q2: Under certain circumstances,the production function Y =
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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