The Average Productivity of Capital Is Defined as the Ratio

question 30

Multiple Choice

The average productivity of capital is defined as the ratio of total capital employed to the total output produced.

• A)the extra output produced by employing one more unit of capital while holding other inputs constant.
• B)the extra output produced by employing one more unit of capital while allowing other inputs to vary.
• C)the ratio of total output produced to the quantity of capital employed.

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Definitions:

Stimulus Generalization

A psychological phenomenon in which a response to a specific stimulus becomes associated with other stimuli that are similar.

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Conditioned Stimulus

A stimulus that elicits a response only after learning has taken place, typically through association with an unconditioned stimulus.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any need for prior learning or conditioning.