An Aggregate Production Function Exhibits Increasing Returns to Capital When

question 112

Multiple Choice

An aggregate production function exhibits increasing returns to capital when

• A)no change in capital produces a 1% increase in output.
• B)a 1% decrease in capital produces an increase in the marginal product of capital.
• C)a 1% increase in capital produces no change in output.
• D)each additional unit of capital increases the number of jobs by more than 1%.
• E)each additional unit of capital has a higher marginal product than the previous unit.

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Definitions:

Microbes

Microscopic organisms, including bacteria, viruses, fungi, and protozoa.

Aseptic Technique

A set of practices and procedures performed under sterile conditions to minimize the risk of infection.

Contamination

The presence of unwanted substances or impurities that can cause harm or reduce purity.

Anesthetic

A substance used to induce insensitivity to pain, typically during surgical procedures.