If the Slope of the Per-Worker Production Function Is 1/2

question 147

Multiple Choice

If the slope of the per-worker production function is 1/2 in a given range,how will a $10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?

• A)Real GDP per hour worked will increase by $5,000.
• B)Real GDP per hour worked will increase by $20,000.
• C)Real GDP per hour worked will increase by $10,000.
• D)Real GDP per hour worked will decrease by $20,000.

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Definitions:

Adaptive Flexibility

The capacity of an organism to adjust its behaviour and physiology in response to changing environmental conditions.

Fitness

A state of health and well-being that is achieved through a combination of physical exercise, proper nutrition, and sufficient rest.

Reproduce

The biological process by which new organisms are generated from parent organisms.

Reproductive Potential

The possible reproductive capacity or output of an organism or population, often considering factors like age and health.