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-Based on the Production Function in the Above Figure, Which

Question 47

Multiple Choice

-Based on the production function in the above figure, which of the following is an attainable combination of labor and real GDP? I. 300 billion hours of labor and real GDP of $15 trillion Ii. 300 billion hours of labor and real GDP of $6 trillion Iii. 100 billion hours of labor and real GDP of $12 trillion A) i only B) ii only C) iii only D) ii and iii E) i and ii
-Based on the production function in the above figure, which of the following is an attainable combination of labor and real GDP?
I. 300 billion hours of labor and real GDP of $15 trillion
Ii. 300 billion hours of labor and real GDP of $6 trillion
Iii. 100 billion hours of labor and real GDP of $12 trillion


A) i only
B) ii only
C) iii only
D) ii and iii
E) i and ii

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