In a small Asian country,it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $600.Based on this information,what is the slope of the per-worker production function in this range?

Question

Quizplus · Accepted Answer

The slope of the per-worker production function is calculated as the change in output (real GDP per hour worked) divided by the change in input (capital per hour worked), which is $600 / $10,000 = 0.06.

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