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Click on the graph below to make it interactive and answer the following questions. GDP per worker Production function BfAlter the interactive graph in order
Click on the graph below to make it interactive and answer the following questions. GDP per worker Production function B\fAlter the interactive graph in order to witness how the relationship between physical capital per worker and GDP per worker changes as more and more capital per worker is added. Use the observations to answer the questions that follows Macmillan Learning a. In the figure shown, physical capital is while the amount of workers is held constant allowed to vary b. When starting from a lower level of physical capital per worker, an increase in capital per worker generates a increase in GDP per worker. When starting at a higher level of capital per worker, increasing capital per worker will increase GDP per worker by . when compared to the lower starting point.Alter the interactive graph in order to witness how the relationship between physical capital per worker and GDP per worker changes as more and more capital per worker is added. Use the observations to answer the questions that follow. @ Macmillan Learning a. In the figure shown, physical capital is while the amount of workers is allowed to vary held constant b. When starting from a lower level of physical capital per worker, an increase in capital per worker generates a increase in GDP per worker. When starting at a higher level of capital per worker, increasing capital per worker will increase GDP per worker by when compared to the lower starting point.b. When starting from a lower level of physical capital per worker, an increase in capital per worker generates a increase in GDP per worker. When starting at a higher level of capital per worker, increasing capital per very large ase GDP per worker by when compared to the lower starting point. very small c. The relationship exhibited in the production function is one of O increasing returns to additional capital O diminishing returns to additional capital has constant returns to additional capital O diminishing returns to additional laborb. When starting from a lower level of physical capital per worker, an increase in capital per worker generates a increase in GDP per worker. When starting at a higher level of capital per worker, increasing capital per worker will increase GDP per worker by when compared to the lower starting point. a lot less a lot more c. The relationship, exhibited in the production function is one of O increasing returns to additional capital diminishing returns to additional capital O constant returns to additional capital diminishing returns to additional labor
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