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#6 (Point value of each questions in parenthesis; 10 total points) Name: 1. Graphically show the impact on real wage or the real price of
#6 (Point value of each questions in parenthesis; 10 total points) Name: 1. Graphically show the impact on real wage or the real price of capital of each of the following situations in the marginal product market: (each graph is a separate graph, remember your graphing checklist) (2 points each) a. Capital depreciates to the point of depletion b. Through education programs workers become more productive c. The level of society's technology increases improving the return on capital. d. Population, and thus the labor force, is reduced following a war. e. Factories sit empty during a recession
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