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Cell6 Cell6
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A year ago
The following figure shows two aggregate production functions.




Refer to the figure above. Which of the following statements holds TRUE regarding aggregate production function 2?

▸ As physical capital increases, aggregate output remains constant.

▸ Up to point B, as aggregate output increases, physical capital also increases.

▸ As aggregate output increases, human capital remains constant.

▸ Up to point A, as aggregate output increases, human capital also increases.
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Macroeconomics

Macroeconomics


Edition: 3rd
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richardbuggrichardbugg
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A year ago
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Cell6 Author
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