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Exhibit 21-1

-Answer the Questions Below:
(A) Y=F(L)Y = F ( L )

Question 149

Essay

Exhibit 21-1
 Exhibit 21-1    -Answer the questions below:  (A) Refer to Exhibit 21-1. The table shows haw autput depends an capital and lebar. Using the table, diraw the prociuction function  Y = F ( L ) , when the capital stack  ( K )  is 50 and when it is 100. What do you dbserve? Naw draw the same curve when the capital stack is 150 and 200. Da you dbserve any difference in the resulting increase in autput? (B) Are there dirminishing returns to labor and capital? Esglain.
-Answer the questions below:
(A) Refer to Exhibit 21-1. The table shows haw autput depends an capital and lebar. Using the table, diraw the prociuction function Y=F(L)Y = F ( L ) , when the capital stack (K)( K ) is 50 and when it is 100. What do you dbserve? Naw draw the same curve when the capital stack is 150 and 200. Da you dbserve any difference in the resulting increase in autput?
(B) Are there dirminishing returns to labor and capital? Esglain.

Correct Answer:

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(A) On the graph below, when capital is ...

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