Asked by
Peyton Delany
on Nov 11, 2024
Verified
If a nation moves upward along its per-worker production function relating output per worker to capital per worker,then:
A) labor productivity rises.
B) labor productivity falls.
C) the amount of capital decreases,other things constant.
D) labor input decreases.
E) the productivity of capital rises.
Per-Worker Production Function
A mathematical function that represents output per worker as a function of capital per worker or other inputs.
Labor Productivity
This term refers to the amount of goods and services produced per hour worked, indicating the efficiency of labor in the economy.
- Apprehend the influence of alterations in capital stock and technology on the production function on a per-worker basis.
Verified Answer
JT
Learning Objectives
- Apprehend the influence of alterations in capital stock and technology on the production function on a per-worker basis.