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?
A) A
B) B
C) C
D) Not enough information is given.
E) They are the same.

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?
A) A 
B) B 
C) C 
D) Not enough information is given. 
E) They are the same.

Quizplus · Accepted Answer

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