Diminishing returns to physical capital implies that, when the human capital per worker and the state of technology remain fixed, each successive increase in physical capital leads to productivity. A) a smaller increase in O B) a larger increase in C) a decrease in OD) negative

Q: There is growth in total factor productivity when more output is produced from the same factors of…

A: Total factor productivity means the part of output which is not explained by the factors of…

Q: Describe the impact on labor wages of physical capital-intensive manufacturing. That is how do…

A: Capital Intensive Manufacturing refers to a high level of investment in Capital i.e., Machinery,…

Q: 3. Capital labor ratio is denoted by the equation K/L where K=capital and L=labor. If the total…

A: Capital-labor ratio refers to the amount of capital per unit of labor input in a production process.…

Q: 1. Assume the following Cobb-Douglas production function: Y = 0.5K°.2 10.8 If L=100, a. What is the…

A: Here we calculate of the following terms by using the  Cobb - Douglas production function so the…

Q: e the diminishing returns to capital by showin ifferent levels of capital per worker.

A: We will take a cobb Douglass production function for solow swan model. In the long run both labour…

Q: Give typing answer with explanation and conclusion  Production function Y=8*K^.33*L^.66 Now what if…

A: A production function is a mathematical equation that represents the relationship between inputs…

Q: Labor productivity tends to fall as the capital to labor ratio rises. a. True O b. False

A: There are four factors of production used in the production process. The following are the factors…

Q: Based on the notations and assumptions used in class, which of the following is/are TRUE regarding…

A: Here suppose the production function is of the form:-  Y = KaL1-a  Now in order to express this…

Q: Suppose that the production function is What is the average product of labor AP₁, holding capital…

A: Production function shows the relationship between the inputs used and output produced. The average…

Q: A firm is currently producing such that: MPL = 30 W = 10 MPK = 20 To minimize the cost of…

A: Marginal productivity of capital is when an additional unit of capital is engaged in this scenario,…

Q: m this graph, when the capital-la consumption per worker, and BC represents investment per worker.…

A: There is a figure which has two graphs, i.e., f(k) and sf(k)k represents the capital-labor ratio (or…

Q: There are 2 commodities X and Y. Total amount of labour required by X and Y = 400 units. Labour is…

A: Economic essentials refer to the attending state of the economy in a nation or region. These…

Q: True or False: The shape of the production function reflects the law of increasing marginal returns.…

A: Marginal return is a short-run concept where at least one factor of production (i.e., capital) is…

Q: hich 2 of the following statements are correct? elect one or more: O a. The higher capital per…

A: Production function shows how with increases in the input the output increases. It gives the…

Q: You observe that MPL > AP and MPL is decreasing but positive as more labor input is used. rate and…

A: The study and evaluation of corporate financial concerns using abstract economic concepts and ideas…

Q: The table shows the daily production of Papaya Co., that supplies papayas to hotels and restaurants…

A: MP(marginal product) is the change in TP(total product) when an extra unit of labor is employed.…

Q: Consider the following diagram of the per-worker production function (output per worker as a…

A: Supply is the concept which shows the level of quantity that producers or sellers produce or supply…

Q: Assume that Economyland’s production function is Y = F (K, L) = K 0.5 L 0.5 Where Y is output level,…

A: The Solow growth model is an alternative to the Harrod-Domar (H-D) growth model. The Solow model…

Q: Suppose that the production function is What is the average product of labor AP₁, holding capital…

A: Production function shows the relationship between the inputs used and output produced. The average…

Q: 8. If Y-AK0.5L0.5 and A, K, and L are all 100, the marginal product of capital is: A) 50 B) 100. C)…

A: The marginal product of capital or MPK is an economic concept used to determine the additional…

Q: Suppose y​ = k​^1/2​, total factor productivity is constant and equal to​ 1, s​ = 0.40, and d​ =…

A: The condition for steady level of capital: dK=i dK=sy... (i=sy)

Q: Labour-saving technical progress means a) that marginal productivity of capital increases. b) that…

A: Productivity means the ratio of output to inputs. The rise in output increases productivity and the…

Q: Question 2 All possible combinations of labor and capital that yields the same output level is…

A: In a market, when analyzing the supply-side economic variables, firms use different terms to explain…

Q: Suppose labor productivity increased by 4% last year. If technological progress was 3%, by how" much…

A: We need to determine by how much the capital-to-labor ratio must have increased, given that labor…

Q: Labour-saving technical progress means O that marginal productivity of capital increases. that…

A: Technical progress either be labor-saving or capital saving. Technical progress is capital saving is…

Q: Units of   Labor Capital MRS 1 30 0 2 26 -4 3 22.5 (1) 4 19.5 (2) 5 17 (3)  6 15…

A: since you have asked multiple questions and according to our policy we can only solve the first…

Q: Marginal Produt and Resources How would you determine the demand for a factor of production? What…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: An increase in total factor productivity: a.) can lead to an inflationary gap. b.) causes an…

A: In economics, productivity refers to the amount of output produced per unit of input, such as…

Q: happens to the marginal product labor? Y=zF(K,N) Labor (N) O It increases O It decreases O It…

A: The production function depicts the technical association between the quantities of output (Q) that…

Q: QUESTION 21 Refer to the information provided in Figure 7.8 below to answer the question(s) that…

A: Budget constraint: given the price of 2 goods and consumer’s income. The budget constraint shows…