An increase in the capital stock has the same effect on the production function as an increase in
a. labor.
b. output.
c. GDP.
d. technology.
d
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All of the following are shown on a firm's income statement except
A) revenues B) rate of return for investors C) costs D) profits
A decrease in the price level in an economy implies that _____
a. the spending multiplier will be equal to the marginal propensity to consume b. there will be an increase in investment c. there will be a decrease in investment d. the value of the spending multiplier will be equal to one e. the value of the spending multiplier will be equal to zero
A firm's implicit costs are
a. its maintenance costs b. its paid-out costs of production c. its main source of executive costs d. irrelevant to the determination of economic profit e. opportunity costs of production that do not involve money outlays
The discovery and utilization of vast, previously unknown oil and mineral deposits in a country will increase:
A. the unemployment rate. B. average labor productivity. C. the share of the population employed. D. the quantity of human capital.