The per-worker production function illustrates the fact that as the amount of capital per worker increases, output per worker:
a. increases at an increasing rate
b. increases then decreases.
c. decreases but at an increasing rate.
d. decreases.
e. increases but at a decreasing rate.
e
You might also like to view...
A production possibilities curve has "good X" on the horizontal axis and "good Y" on the vertical axis. On this diagram, the opportunity cost of good X, in terms of good Y, is represented by the:
a. distance to the curve from the horizontal axis. b. distance to the curve from the vertical axis. c. distance from the origin to the curve. d. change in Y for each change in X along the curve.
During the 1990s, the money multipliers for M1 and M2:
A. increased dramatically as the economy grew. B. remained fairly constant even though the economy grew. C. decreased. D. the M1 multiplier decreased while the M2 multiplier increased dramatically.
An example of price discrimination is the price charged for:
A. coffee. B. college admission. C. cashmere sweaters. D. cough syrup.
The price index values used to calculate headline and core inflation for 2012 through 2016 are found in the table below:
S1 annual inflation rate S2 annual inflation rates b. Which series represents core inflation?