The Neoclassical Growth Model Assumes That, with a Given State

question 50

Multiple Choice

The Neoclassical growth model assumes that, with a given state of technology, increases in the use of a single factor will eventually

• A)increase the average product of the factor.
• B)decrease the average product of the factor.
• C)lead to a decrease in total output by the factor.
• D)lead to an increase in the material standard of living.
• E)lead to an increase in the marginal output of the factor.

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