In a small European country,it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $300.Based on this information,what is the slope of the per-worker production function in this range?
A)0.03
B)3.3
C)33.3
D)333

Question

Quizplus · Accepted Answer

The slope of the per-worker production function is calculated as the change in output ($300) divided by the change in input ($10,000), which equals 0.03.

In a Small European Country,it Is Estimated That a $10,000