When capital increases by ΔK units and labour increases by ΔL units, output (ΔY) increases by:
A) ΔK + ΔL units.
B) MPL + MPK units.
C) (MPK × ΔK) + (MPL × ΔL) units.
D) (MPL × ΔK) + (MPK × ΔK) units.
Correct Answer:
Verified
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