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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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