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Draw a point to show real GDP per hour of hour of labor is $30. Label it 1. Draw a point to show real GDP per hour of hour of labor is $40. Label it 2.

Draw a point to show real GDP per hour of hour of labor is $30. Label it 1. Draw a point to show real GDP per hour of hour of labor is $40. Label it 2.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The graph shows the productivity curves in year 1 and year 2 for an Real GDP per hour of labor (2009 dollars) economy. 44- PC2 Draw a point to show real GDP per hour of labor in year 1 if capital per hour of labor is $30. Label it 1. Draw a point to show real GDP per hour of labor in year 2 if capital per hour of labor is $40. Label it 2. 40- 36- 32- 28- PC The upward shift of the productivity curve is due to increase in capital per hour of labor is due to and the 24- 20- O A. an increase in human capital or a technological advance; an increase in saving or an increase in investment in physical 16- capital 12- B. an increase in the population; an increase in the population 8- OC. an increase in saving; an increase in human capital 4- O D. an increase in investment in physical capital; a technological 0+ 10 20 30 40 50 60 70 80 advance Capital per hour of labor (2009 dollars) >>> Draw only the objects specified in the question. Selected: Delete Clear none Next
Transcribed Image Text:The graph shows the productivity curves in year 1 and year 2 for an Real GDP per hour of labor (2009 dollars) economy. 44- PC2 Draw a point to show real GDP per hour of labor in year 1 if capital per hour of labor is $30. Label it 1. Draw a point to show real GDP per hour of labor in year 2 if capital per hour of labor is $40. Label it 2. 40- 36- 32- 28- PC The upward shift of the productivity curve is due to increase in capital per hour of labor is due to and the 24- 20- O A. an increase in human capital or a technological advance; an increase in saving or an increase in investment in physical 16- capital 12- B. an increase in the population; an increase in the population 8- OC. an increase in saving; an increase in human capital 4- O D. an increase in investment in physical capital; a technological 0+ 10 20 30 40 50 60 70 80 advance Capital per hour of labor (2009 dollars) >>> Draw only the objects specified in the question. Selected: Delete Clear none Next
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