• 2022-06-06
    On a production function, as capital per worker increases, output per worker
    A: increases. This increase is larger at larger values of capital per worker.
    B: increases. This increase is smaller at larger values of capital per worker.
    C: decreases. This decrease is larger at larger value of capital per worker.
    D: decreases. This decrease is smaller at larger value of capital per worker.
  • B

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    • 0

      A firm will hire a worker whenever that worker's marginal product of labor is:() A: greater<br/>than the marginal product of labor for the next best worker. B: less<br/>than the marginal product of labor for the next best worker. C: greater<br/>than the worker's wage. D: less<br/>than the worker's wage.

    • 1

      The amount of assets per dollar of equity capital is called the _________

    • 2

      Each worker puts in nearly 2,200 hours a year, ______ average, and contributes about $30 to GDP per hour.

    • 3

      Although he is a new worker, he can work as(skill)______as an old worker.

    • 4

      A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. How is this type of labour cost best described?