The Table Below Shows Various Values of Labour (L),capital (K),and

question 104

Multiple Choice

The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form:
Y = T × TABLE 25-4
-Refer to Table 25-4.Diminishing marginal returns to labour is most evident in the data shown for

• A)Economy A.
• B)Economy B.
• C)Economy C.
• D)Economies B and C,but not A.

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Definitions:

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The process of generating energy in various forms, including electricity, heat, and mechanical power, from different sources such as fossil fuels, nuclear power, or renewable resources.

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The cost associated with procuring energy, influenced by factors like supply and demand, geopolitical stability, and production costs.