If the number of workers in an economy doubled, all other inputs stayed the same, and there were constant returns to scale, what would happen to productivity?
A) It would fall to half its former value.
B) It would fall but by less than half.
C) It would stay the same.
D) It would rise but less than double.
Correct Answer:
Verified
Q74: Which of the following would increase productivity,
Q75: Which of the following does Y/L refer
Q76: Which of the following is one of
Q77: Suppose that real GDP grew more in
Q78: If there are constant returns to scale,
Q80: Suppose that over the past ten years
Q81: Suppose that Poland undertakes policy to increase
Q82: Which of the following best defines the
Q83: Real GDP per person is $25 000
Q84: Which of the following countries benefited a
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