Diminishing returns of capital and growth.

Question

In the long run, capital deepening, a. doesn't change the level of productivity or income. b. raises the levels of both productivity and income. c. Raises the level of productivity but not the level of income. d. raises the level of Income but not the level of productivity

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Question

Chapter 12, Problem 4CQQ

To determine

Diminishing returns of capital and growth.

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