The graph above showsResponsesA increasing returns to labor.increasing returns to labor.B decreasing returns to labor.decreasing returns to labor.C increasing returns to capital. increasing returns to capital. D decreasing returns to capital.

The graph above showsResponsesA increasing returns to labor.increasing returns to labor.B decreasing returns to labor.decreasing returns to labor.C increasing returns to capital. increasing returns to capital. D decreasing returns to capital.

The production function will shift up as a result ofResponsesA increasing returns to labor.increasing returns to labor.B diminishing returns to labor.diminishing returns to labor.C an increase in capital input.an increase in capital input.D a decrease in capital input.

Which of the following causes the production function to shift up?ResponsesA an increase in the capital stock faster than the increase in the labor forcean increase in the capital stock faster than the increase in the labor forceB an increase in the capital stockan increase in the capital stockC a decline in the labor forcea decline in the labor forceD a technological improvement

A decrease in which of the following will most likely decrease productivity?Elimination ToolSelect one answerATaxes.BGovernment spending.CConsumption.DCapital stock.EUnemployment.

In the long run the Cobb-Douglas production function;Select one:a.becomes steeper due to diminishing marginal returns to capitalb.becomes flatter due to diminishing marginal returns to capitalc.becomes steeper due to diminishing marginal returns to labourd.becomes flatter due to diminishing marginal returns to labour