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As more capital is added per worker, the production function Select one: O a. shifts down in smaller increments. O b. shifts up in larger
As more capital is added per worker, the production function Select one: O a. shifts down in smaller increments. O b. shifts up in larger increments. O c. gets steeper. O d. shifts up in smaller increments. O e. gets flatter.Nonrivalry means that Select one: O a. a produced good will not be profitable. O b. a good can be exchanged in a market transaction. O c. the owner of a good cannot prevent others from using the good. O d. the use of a good by one individual does not preclude its use by others at the same time. O e. a good cannot be exchanged in a market transaction.Diminishing returns to labor means that te Select one: O a. as more labor is employed, total output will increase. b. as more labor is employed, each additional worker produces less additional output. O c. the greater the amount of output, the less additional labor that is needed. O d. the greater the amount of output, the less labor that is needed. O e. as more labor is employed, total output declines
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