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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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)

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