Exhibit 21-1 -Answer the Questions Below

question 128

Essay

Exhibit 21-1
-Answer the questions below:
(A)Refer to Exhibit 21-1. The table shows how output (shaded) depends on capital and labor. Using the table, draw the production function Y = F(L), when the capital stock (K) is 50 and when it is 100. What do you observe? Now draw the same curve when the capital stock is 150 and 200. Do you observe any difference in the resulting increase in output?
(B)Are there diminishing returns to labor and capital? Explain.

---

Definitions:

Connective Tissue Proper

A category of connective tissue that includes loose (areolar, adipose, reticular) and dense (regular, irregular, elastic) types, serving various support, binding, and nutritional functions in the body.

Subtypes

Variants or specific categories within a broader classification, often used in discussing different strains of viruses or specific forms of receptors in biology.

Unidirectional Stress

Stress or force that is applied in only one direction, particularly in the context of materials science or mechanical engineering.

Dense Regular

Dense regular connective tissue is composed of closely packed bundles of collagen fibers, providing great strength in one direction.