Suppose That an Increase in Capital Per Hour Worked from $15,000

question 95

Multiple Choice

Suppose that an increase in capital per hour worked from $15,000 to $20,000 increases real GDP per hour worked by $500.If capital per hour worked increases further to $25,000,by how much would you expect real GDP per hour worked to increase if there are diminishing returns?

• A)by less than $500
• B)by exactly $500
• C)by more than $500 but less than $5,000
• D)by more than $5,000 but less than $20,000

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Methods or strategies used to tackle problems, questions, or situations.

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A person who converts spoken or sign language communication from one language to another, facilitating understanding between speakers of different languages.

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Half of a spherical or roughly spherical body, especially one of the two halves of the earth, divided into the Northern and Southern Hemispheres.

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Specialized cells that transmit nerve impulses; the basic building blocks of the nervous system.