Macroeconomics (7th Edition)
7th Edition
ISBN: 9780134738314
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Question
Chapter 11, Problem 11.2.1RQ
To determine
The effect of change in production function per hour worked due to change in capital labor per hour worked and change in technology.
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Students have asked these similar questions
The graph below represents per-worker production functions for the same country. Answer the following questions using this graph.
Which 1 concept explains that the area between B and C has a flatter slope than the area between A and B?
Answer:
Law of Diminishing Marginal Returns
What has to happen for a country to move from point E to B to D?
Answer:
The movement through which 3 points (out of 5 given) would indicate the largest increase in productivity?
Answer:
Why does adding capital to a production function make the economy more productive? What are diminishing returns to capital? How does technology affect productivity and growth?
Consider the per-worker production function graph.
If there is an increase in capital per hour worked, holding technology constant, then
A. there is a movement from A to B.
B. there is a movement from A to C.
C. there is a movement from B to D.
D. there is a movement from D to C.
If there is an increase in technology, holding constant the quantity of capital per hour worked, then
A. there is a movement from C to D.
B. there is a movement from A to B.
C. there is a movement from D to B.
D. there is a movement from A to C.
C
Real GDP per hour worked (Y/L)
10-
Y/L2
Y/L₁
Per-Worker
Production Function
C
3
B
Per Worker
Production Function 1
K/L₁
K/L₂
Capital per hour worked (K/L)
10
Chapter 11 Solutions
Macroeconomics (7th Edition)
Ch. 11 - Prob. 11.1.1RQCh. 11 - Prob. 11.1.2RQCh. 11 - Prob. 11.1.3PACh. 11 - Prob. 11.1.4PACh. 11 - Prob. 11.1.5PACh. 11 - Prob. 11.1.6PACh. 11 - Prob. 11.1.7PACh. 11 - Prob. 11.1.8PACh. 11 - Prob. 11.2.1RQCh. 11 - Prob. 11.2.2RQ
Ch. 11 - Prob. 11.2.3RQCh. 11 - Prob. 11.2.4RQCh. 11 - Prob. 11.2.5PACh. 11 - Prob. 11.2.6PACh. 11 - Prob. 11.2.7PACh. 11 - Prob. 11.2.8PACh. 11 - Prob. 11.2.10PACh. 11 - Prob. 11.2.11PACh. 11 - Prob. 11.2.12PACh. 11 - Prob. 11.3.1RQCh. 11 - Prob. 11.3.2RQCh. 11 - Prob. 11.3.3PACh. 11 - Prob. 11.3.4PACh. 11 - Prob. 11.3.5PACh. 11 - Prob. 11.3.6PACh. 11 - Prob. 11.4.1RQCh. 11 - Prob. 11.4.2RQCh. 11 - Prob. 11.4.3RQCh. 11 - Prob. 11.4.4PACh. 11 - Prob. 11.4.5PACh. 11 - Prob. 11.4.6PACh. 11 - Prob. 11.4.8PACh. 11 - Prob. 11.4.9PACh. 11 - Prob. 11.4.10PACh. 11 - Prob. 11.4.11PACh. 11 - Prob. 11.4.12PACh. 11 - Prob. 11.5.1RQCh. 11 - Prob. 11.5.2RQCh. 11 - Prob. 11.5.3PACh. 11 - Prob. 11.5.4PACh. 11 - Prob. 11.5.5PACh. 11 - Prob. 11.5.6PACh. 11 - Prob. 11.5.7PACh. 11 - Prob. 11.5.8PACh. 11 - Prob. 11.5.9PACh. 11 - Prob. 11.1RDECh. 11 - Prob. 11.2RDECh. 11 - Prob. 11.3RDE
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