Asked by
Latonya Dysart
on Nov 11, 2024Verified
If increases in capital per worker lead to increased output per worker,but by decreasing amounts as capital increases,the per-worker production function _____.
A) is vertical
B) has a decreasing slope
C) has an increasing slope
D) has a negative slope
E) is horizontal
Per-Worker Production Function
A measure of the relationship between the average output produced by each worker and the inputs used in production.
Capital Per Worker
The average amount of capital (tools, machinery, etc.) available for each employee in the production process.
- Comprehend the impact of variations in capital stock and technological advancements on the per-worker production function.
Verified Answer
AS
Learning Objectives
- Comprehend the impact of variations in capital stock and technological advancements on the per-worker production function.