Figure 74 Alt Text for Figure 7

question 115

Multiple Choice

Figure 7.4 Alt text for Figure 7.4: In figure 7.4, a graph representing per-worker production functions.
Long description for Figure 7.4: 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-axis and y-axis with dotted lines.
-Refer to Figure 7.4.The movement from E to B to D in the figure above illustrates

• A)an improvement in technology.
• B)a decline in capital per worker.
• C)diminishing returns to capital.
• D)diminishing returns to labour.
• E)an increase in the price level.

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Definitions:

Frontal

refers to something pertaining to the front part of something, often used in the context of the frontal lobe of the brain.

Rollerblading

The activity or sport of moving on surfaces by wearing a pair of boots with a single line of small wheels attached to the bottom.

Frontal

In neuroscience, it refers to the frontal part of the brain, which is responsible for executive functions such as decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Breakfast

The first meal of the day, usually eaten in the morning.