We Can Express the Per-Worker Production Function as a Function

question 47

Multiple Choice

We can express the per-worker production function as a function of only per-worker capital thanks to

• A) the decreasing marginal return of capital.
• B) the decreasing marginal return of labor.
• C) the constant returns to scale.
• D) the impatience of households.

---

Definitions:

Conservation

is the act of protecting natural resources and the environment to sustain biodiversity and prevent depletion.

Preoperational

A stage in Piaget's theory of cognitive development where children from ages 2 to 7 engage in symbolic play and struggle with logic and taking the perspective of others.

Decentering

The cognitive ability to consider multiple aspects of a situation or to take another person's perspective, moving beyond self-centric views.

Concrete Operations

A stage in Piaget's theory of cognitive development during which children acquire the ability to think logically about concrete objects and events.