Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Diminishing returns to physical capital suggests that: a) at some point, increasing the amount of physical capital per worker is not worth the cost of
Diminishing returns to physical capital suggests that: a) at some point, increasing the amount of physical capital per worker is not worth the cost of the additional amount of capital. b) after some point, increasing the amounts of physical capital per worker will lead to decreases in productivity. c) increasing the amounts of physical capital per worker is always worth the cost of the capital. d) there are increasing returns to technology and human capital.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started