Question
What does diminishing returns to capital imply? a.Capital produces fewer goods as it ages. b.The value of new technology decreases over time. c.Increases in the
What does diminishing returns to capital imply?
a.Capital produces fewer goods as it ages.
b.The value of new technology decreases over time.
c.Increases in the capital stock eventually decrease output.
d.Increases in the capital stock increase output by ever smaller amounts.
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
