Which of the Following Statements Is True About the Production

question 66

Multiple Choice

Which of the following statements is true about the production function Y =F(L,K) ?

• A)Output increases only when both labor and capital increase.
• B)An increase in labor causes output to increase but an increase in capital will not cause output to increase unless it is accompanied by an increase in labor.
• C)An increase in capital causes output to increase but an increase in labor will not cause output to increase unless it is accompanied by an increase in capital.
• D)An increase in capital causes an increase in capital.
• E)It is possible for output to increase if capital increases, even if there is no change in the labor input.

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