In a Small European Country,it Is Estimated That a $10,000

question 235

Multiple Choice

In a small European country,it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $300.Based on this information,what is the slope of the per-worker production function in this range?

• A)0.03
• B)3.3
• C)33.3
• D)333

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Definitions:

Satisfied Needs

The fulfillment of a consumer's requirements or desires through the consumption of products or services.

Communicate

The process of conveying information, feelings, or ideas from one person or group to another through various means.

Environmental Force

External factors that impact an organization’s operations, including social, economic, technological, environmental, and political conditions.

Communicate

The process of transferring information, ideas, thoughts, feelings, and concepts from one person or entity to another through various means.