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merrisara merrisara
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A month ago
The following figure shows two aggregate production functions.




Refer to the figure above. At point B of aggregate production function 2, a one unit increase in the physical capital stock will lead to a ________.

▸ one unit increase in aggregate production if the human capital stock also increases by one unit

▸ more than one unit increase in aggregate production

▸ one unit increase in aggregate production

▸ less than one unit increase in aggregate production
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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Kmc14Kmc14
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A month ago
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less than one unit increase in aggregate production

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merrisara Author
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Just got PERFECT on my quiz
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