ased on a aggregate production function model where capital and labor are the only factors of production, we can be certain output ill increase if O the total factor productivity increases while the amount of labor and physical capital stock of the country remain constant O the physical capital stock of the country decreases, the total factor productivity remains constant, and the amount of labor increases

ased on a aggregate production function model where capital and labor are the only factors of production, we can be certain output ill increase if O the total factor productivity increases while the amount of labor and physical capital stock of the country remain constant O the physical capital stock of the country decreases, the total factor productivity remains constant, and the amount of labor increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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