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




Refer to the figure above. Which of the following best describes the difference between aggregate production functions 1 and 2?

▸ The returns for increases in physical capital stock are higher in function 1.

▸ Physical capital stock is higher for function 1.

▸ Human capital is higher for function 1.

▸ Better technology is employed in function 1.
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Macroeconomics

Macroeconomics


Edition: 3rd
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nenialindanenialinda
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A year ago
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katiemarie Author
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A year ago
Thank you, thank you, thank you!
TAT1238
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Yesterday
Thanks for your help!!
shelbycox
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2 hours ago
this is exactly what I needed
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