Exhibit 8-1
-The shape of the per-worker production function in Exhibit 8-1 illustrates the law of diminishing marginal returns to labor.
Correct Answer:
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Q23: An increase in the amount of capital
Q34: The slope of the per-worker production function
Q40: Exhibit 8-1 Q41: Which of the following is most likely Q42: A decrease in the capital-labor ratio means Q49: If a nation moves upward along its Q58: According to Nobel prize winner Simon Kuznets,the Q60: Labor productivity the United States has never Q127: The diminishing slope of the per-worker production Q140: Between the 1880s and the early 21st
A)higher
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