Consider the per-worker production function graph. If there is an increase in capital per hour worked, holding technology constant, then OA. there is a movement from A to B. OB. there is a movement from D to C. OC. there is a movement from A to C. O D. there is a movement from B to D. If there is an increase in technology, holding constant the quantity of capital per hour worked, then OA. there is a movement from A to C. OB. there is a movement from C to D. OC. there is a movement from D to B. OD. there is a movement from A to B. Real GDP per hour worked (Y/L) YIL ₂ YIL₁ Per-worker Production function₂ C D B A Per-worker Production function, KIL₁ KIL₂ Capital per hour worked (K/L) 2
Consider the per-worker production function graph. If there is an increase in capital per hour worked, holding technology constant, then OA. there is a movement from A to B. OB. there is a movement from D to C. OC. there is a movement from A to C. O D. there is a movement from B to D. If there is an increase in technology, holding constant the quantity of capital per hour worked, then OA. there is a movement from A to C. OB. there is a movement from C to D. OC. there is a movement from D to B. OD. there is a movement from A to B. Real GDP per hour worked (Y/L) YIL ₂ YIL₁ Per-worker Production function₂ C D B A Per-worker Production function, KIL₁ KIL₂ Capital per hour worked (K/L) 2
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.2P
Related questions
Question
![Consider the per-worker production function graph.
If there is an increase in capital per hour worked, holding technology constant, then
O A.
there is a movement from A to B.
O B.
there is a movement from D to C.
O C.
there is a movement from A to C.
O D. there is a movement from B to D.
If there is an increase in technology, holding constant the quantity of capital per hour worked, then
O A. there is a movement from A to C.
O B. there is a movement from C to D.
O C.
there is a movement from D to B.
O D. there is a movement from A to B.
Real GDP per hour worked (Y/L)
YIL₂
YIL₁
Per-worker
Production function₂
C
D
B
A Per-worker
Production function
KIL₁
KIL2
Capital per hour worked (K/L)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc6cafdeb-7a95-4d72-b6a5-81df8da61ad2%2F7c98808f-67f4-40c1-9dd4-75abde1166bf%2F3c15f2p_processed.png&w=3840&q=75)
Transcribed Image Text:Consider the per-worker production function graph.
If there is an increase in capital per hour worked, holding technology constant, then
O A.
there is a movement from A to B.
O B.
there is a movement from D to C.
O C.
there is a movement from A to C.
O D. there is a movement from B to D.
If there is an increase in technology, holding constant the quantity of capital per hour worked, then
O A. there is a movement from A to C.
O B. there is a movement from C to D.
O C.
there is a movement from D to B.
O D. there is a movement from A to B.
Real GDP per hour worked (Y/L)
YIL₂
YIL₁
Per-worker
Production function₂
C
D
B
A Per-worker
Production function
KIL₁
KIL2
Capital per hour worked (K/L)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 6 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning