All else equal, if there are diminishing returns and constant returns to scale, then what happens to productivity if capital and
labor both increase but capital increases by more _________.a. Productivity will definitely fall. b. Productivity will definitely be unchanged.
c. Productivity will definitely rise.
d. None of the above are necessarily correct.
All else equal, if there are diminishing returns and constant returns to scale, then what happens to productivity if capital and labor both increase but capital increases by more None of the above are necessary correct because when capital increases more than labor it is possible for the productivity to remain unchanged, and it is also possible for the productivity to increase by small margin.
But at a point where both capital and labor are increased in the same vane then definitely productivity will increase.
Explanation:
Capital:this is a term used to refer financial assets.
Labor: this refers to physical work
productivity: This is the efficiency of production.
the rights of displaced tribals of Madhya Pradesh who were earlier not given the rights to fishing in the Tawa reservoirs owing to the monopoly of state-level corporations
Utilitarianism theory is a theory that focuses on the outcome of an event to determine right from wrong according to the action or policy being put in place. In this theory the interests of others need be taken into account.
