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)0.3
C)3.3
D)33.3
E)333

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 $300 / $10,000 = 0.03.

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