Exhibit 21-1
-Answer the questions below:
(A)Refer to Exhibit 21-1. The table shows how output (shaded) depends on capital and labor. Using the table, draw the production function Y = F(
L), when the capital stock (
K) is 50 and when it is 100. What do you observe? Now draw the same curve when the capital stock is 150 and 200. Do you observe any difference in the resulting increase in output? (

Question

Exhibit 21-1 
-Answer the questions below:
(A)Refer to Exhibit 21-1. The table shows how output (shaded) depends on capital and labor. Using the table, draw the production function Y = F(
L), when the capital stock (
K) is 50 and when it is 100. What do you observe? Now draw the same curve when the capital stock is 150 and 200. Do you observe any difference in the resulting increase in output? (

Quizplus · Accepted Answer

The Answer of Exhibit 21-1 
-Answer the questions below:
(A)Refer to Exhibit 21-1. The table shows how output (shaded) depends on capital and labor. Using the table, draw the production function Y = F(
L), when the capital stock (
K) is 50 and when it is 100. What do you observe? Now draw the same curve when the capital stock is 150 and 200. Do you observe any difference in the resulting increase in output? (

Exhibit 21-1 -Answer the Questions Below