In Neoclassical Growth Theory,an Increase in the Labour Force ________

question 88

Multiple Choice

In Neoclassical growth theory,an increase in the labour force ________ total output and ________ total output per person.

• A)increases; increases
• B)increases; leaves constant
• C)increases; reduces
• D)leaves constant; leaves constant
• E)leaves constant; reduces

Understand the concept of scale in a firm's operations and its significance.

Comprehend the principles behind choosing the level of fixed costs based on expected output.

Understand the effects of labor’ productivity on costs and output scale.

Understand the concept and process of internal recruiting within organizations.

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Definitions:

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