total productivity of K and total productivity of N marginal productivity of K and marginal productivity of N income share of K and income share of N factor price of K and factor price of N

A job is a contract between a and a A. bank; household; capital B. manufacturer; retailer; entrepreneurial C. firm; household; labor OD. bank; firm; capital for providing C services.

"Production function" is the name for OA. a working part. B. a mathematical relationship between inputs and output. OC. technological change. D. none of the above.

10. Labour-saving technical progress means a) that marginal productivity of capital increases. b) that marginal productivity of labour increases. c) that marginal productivity of both inputs increases. d) None of the above is correct. CHOOSE ONE ANSWER ONLY.

Complete the table: Number of Workers per Day Movie Tickets Produced per Day   Average Product   Marginal Product   Average Price of Movie Tickets   Total Value Product   Average Value Product   Marginal Value Product   Price of Worker per Day 0 0           $10.00               $120.00 1 227           $10.00               $120.00   2 615           $10.00               $120.00   3 935           $10.00               $120.00   4 1,185           $10.00               $120.00   5 1,427           $10.00               $120.00   6 1,631           $10.00               $120.00   7 1,788           $10.00               $120.00   8 1,800           $10.00…

Which among the following represents a function? a. A store to its merchandise c. Students of their current age b. Countries to its capital d. Teacher to Students relationship

Marginal Produt and Resources How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made labor unions such an integral part of the workforce? What is the difference between the rates of return for a renewable and nonrenewable resource? How do the rates of return on capital and land differ between a renewable resource and nonrenewable resource? How does the growing demand for food, fuel, and export affect the market for land?

10 In India, the availability of labor is comparatively more than the availability of capital. What method of production India should adopt? a. Labor intensive method b. Capital intensive method c. Labor shortening method d. Capital deepening method

Explanation it correctly

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