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svlad2 [7]
3 years ago
12

Two economies are identical except that the level of capital per worker is higher in Highland than in Lowland. The production fu

nctions in both economies exhibit diminishing marginal product of capital. An extra unit of capital per worker increases output per worker:
Business
1 answer:
son4ous [18]3 years ago
4 0

Answer:

An extra unit of capital per worker increases output per worker MORE IN LOWLAND compared to Highland

Explanation:

The economies of highland and lowland are identical.

They both have different level of capital per worker.

The level of capital in Highland is higher.

Production function in the two economies exhibit diminishing marginal product of capital.

An extra unit of capital per worker increases output per worker more in lowland compared to Highland because of the higher level of capital in Highland.

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Answer:

D. Reduce Output but continue production

Explanation:

Since marginal cost equals average total cost, it can be deduce that she's operating at her most productively efficient region. But she's force to sell at a price lower than her average total cost which could indicate a loss in profit. This means that she should stop production. But then again, her average variable cost is less than the market price, therefore it is adviceable for her to reduce output but continue to produce.

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3 years ago
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In the nation of Ruva, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillion. Taxes are $1
ELEN [110]

Answer:

Private Savings = $4 Trillion

Explanation:

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6 0
3 years ago
The best definition of a financial restatement is:________.
gulaghasi [49]
The correct answer is A
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3 years ago
If the sides market (betting on a team against the point spread) for NFL football betting is semi-strong form efficient, what do
Black_prince [1.1K]

Answer:

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To know more about Stock Split here

brainly.com/question/24080551

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