Using the Points on the Diagram Below,identify Which Combinations of These

question 226

Essay

Using the points on the diagram below,identify which combinations of these points illustrate diminishing returns to capital.Give a brief explanation to support your answer. Alt text for Question 101: For question 101,a graph illustrating diminishing returns to capital
Long description for Question 101: The x-axis is labelled,capital per hour worked,K/L.The y-axis is labelled,real GDP per hour worked,Y/L.3 concave curves originating from 0 at the vertex are shown.5 points A ($50000,15000),B (60000,16000),C (70000,16400),D (60000,$17000),and E (60000,15000)are plotted.The curve labelled,Production function 1,passes through point E.The curve labelled,Production function 2,passes through points A,B,and C.The curve labelled,Production function 3,passes through point D.These 5 points are connected to their respective coordinates on the x and y-axis with dotted lines.

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Definitions:

Bug Crawling

The sensation or perception of insects moving over one's skin, often without any physical cause.

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information to and from all parts of the body.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for fight or flight responses by increasing heart rate, dilating pupils, and other physiological changes.