According to the law of diminishing returns,an additional unit of
A) capital produces more output than an additional unit of labor.
B) labor decreases output.
C) capital produces the same amount of output as an additional unit of labor.
D) capital produces more output than the previous unit.
E) capital produces less output than the previous unit.
Correct Answer:
Verified
Q215: Increases in human capital can come
A)only from
Q216: Expansion of a nation's human capital can
Q217: If the stock of physical capital (that
Q218: Labor productivity increases if
I.human capital decreases.
Ii.technology advances.
Iii.quality
Q219: The productivity curve
A)has a positive slope.
B)has a
Q221: Labor productivity equals _.
A)real GDP × aggregate
Q222: A technological change _ and a change
Q223: A key reason why some nations show
Q224: If real GDP is $1,200 billion,the population
Q225: If capital per hour of labor decreases,real
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents