Question
Hi,please help me to get the correct answers of these MCQ.Thanks. 1.Between 1994 and 2008, the share of the workforce employed in manufacturing _____, and
Hi,please help me to get the correct answers of these MCQ.Thanks.
1.Between 1994 and 2008, the share of the workforce employed in manufacturing _____, and manufacturing output _____.
a.decreased; decreased
b.increased; decreased
c.increased; increased
d.decreased; increased
2.The production function for laser eye surgery is given by Q = 20K0.5L0.5, where Q is the number of laser eye surgeries performed per day, K is the number of eye surgery machines (which is fixed at 2 in the short run), and L is the number of employees. The marginal product of labor for L = 3 is ____.
11.71
8.99
9.43
28.28
3.(Figure: Capital and Labor IX) The movement of the isocost line is caused by a(n):
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