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1>> Draw only the objects specified in the Explain how an increase in human capital changes labor productivity. Do diminishing returns arise? Provide an example
Explain how an increase in human capital changes labor productivity. Do diminishing returns arise? Provide an example of an increase in human capital. C) E. Increases; eliminates An example of an increase in human capital is O A. your labor productivity increases B. your college buys more computers O C. attending college C) D. you work more hours at your part-time job In the graph, draw a productivity curve. Label it PCo Draw a point to show real GDP per hour of labor when capital per hour of labor is $120. Label it 1. Then illustrate the effect of an increase in human capital. Draw either a new productivity curve labeled PCl or an arrow along the curve showing the direction of change. Draw a point to show the real GDP per hour of labor when capital ner hour of labor is Sl 20. I-abel 2. Real GDP per hour of labor (2012 dollars) 32 28 24 20 16 240 200 160 120 40 80 o Capital per hour of labor (2012 dollars) >>> Draw only the objects specified in the question.
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