If the Economy's Production Function Is Given by Output =

question 6

Multiple Choice

If the economy's production function is given by Output = A(physical capital) ^.3(human capital) ^.7(hours worked) ^.7
Then the marginal product of physical capital is constant if

• A) hours worked are a declining function of human capital
• B) hours worked are a linear function of A
• C) the ratio of human capital to physical capital is constant
• D) total factor productivity (A) is independent of human capital
• E) physical capital is equal to total factor productivity

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Definitions:

Assimilative Integration

The process of incorporating techniques from different therapeutic approaches into a primary therapeutic framework without abandoning its core methods and theories.

Theoretical Model

A framework or system of ideas that explains certain phenomena and guides research and practice in a particular field.

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The ability to do something well; expertise or competence in a specific area.

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