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Question
The figure above shows the U.S. production function. How would an increase in capital be shown in the figure?
A) an upward shift or rotation of the production function
B) a downward shift or rotation of the production function
C) a movement from point A to point B
D) a movement from point C to point B
E) None of the above because the effects of an increase in capital cannot be shown in the figure.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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E) the population keeps growing.
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