Figure 4.6: Production Function

question 113

Multiple Choice

Figure 4.6: Production Function
-Consider the two production functions in Figure 4.6, representing two countries. Which of the following is true?
i. At points a and b, each country has the same per capita capital stock but different factor
Productivity.
ii. Points a and c represent the same country but with different factor productivity.
iii. Points b and d represent the same country but with different stock of per capita capital.

• A) i and iii
• B) i only
• C) ii only
• D) iii only
• E) i and ii

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Definitions:

Refrigerators

Appliances used for keeping food and drinks cold.

Range

Range in statistics refers to the difference between the highest and lowest values in a dataset, indicating the spread of the data.

Interquartile Range

The statistical measure of middle fifty percent of a data set, calculated as the difference between the 75th and 25th percentiles.

Test Scores

Quantitative measurements that represent a person's level of achievement or proficiency in a given subject or skill.