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fashunluvr24 fashunluvr24
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A year ago
Scenario: Red Country and Purple Country have identical aggregate production functions. The amount of physical capital stock available to each country is equal. Labor supply in Red Country is HR, while the labor supply in Purple Country is HP.




Refer to the scenario above. Relative to Purple Country's total efficiency units of labor, the one-unit increase in the efficiency units of labor in Red Country indicates ________.

▸ marginal contributions of total efficiency units of labor must be smaller

▸ the average human capital of workers must be smaller

▸ technology must be better

▸ the labor force must be bigger
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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bjee231bjee231
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fashunluvr24 Author
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A year ago
Brilliant ツ
jakechambo3
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Yesterday
Smart ... Thanks!
Danivalda
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2 hours ago
This helped my grade so much Perfect
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