Use the figure below to answer the following question.
Figure 6.3.1
-Refer to Figure 6.3.1.The country of Kemper is on its aggregate production function at point W.If the population increases with no change in capital or technology, the economy

Question

Use the figure below to answer the following question.
  Figure 6.3.1
-Refer to Figure 6.3.1.The country of Kemper is on its aggregate production function at point W.If the population increases with no change in capital or technology, the economy

Quizplus · Accepted Answer

An increase in population with no change in capital or technology would lead to a movement along the aggregate production function to a point like X, where output per worker decreases due to diminishing returns to labor.

Use the Figure Below to Answer the Following Question