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Samiksha Ambawat
on Nov 11, 2024

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The per-worker production function illustrates the fact that as the amount of capital per worker increases,output per worker:​

A) increases at an increasing rate.
B) increases then decreases.
C) decreases but at an increasing rate.
D) decreases.
E) increases but at a decreasing rate.

Per-worker Production Function

A mathematical representation that shows how the amount of output per worker in an economy is affected by the level of capital per worker.

Capital Per Worker

Capital per worker is a ratio that measures the amount of capital assets (such as equipment and machinery) available for each worker, often used as an indicator of labor productivity.

Output Per Worker

The average quantity of goods and services produced per employee in a given time period.

  • Describe the principle of diminishing marginal returns.
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Kaushik ChaurasiaNov 14, 2024
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