Figure 4.5: Production Function
-Consider the three production functions in Figure 4.5. Each represents a different country. For any given per capita stock of physical capital, which country has the highest total factor productivity?

Question

Figure 4.5: Production Function 
-Consider the three production functions in Figure 4.5. Each represents a different country. For any given per capita stock of physical capital, which country has the highest total factor productivity?

Quizplus · Accepted Answer

The country with the highest total factor productivity will have the highest output for any given level of physical capital.