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lord [1]
3 years ago
9

According to the United Nations, there were roughly 300 million humans on the planet 1,000 years ago.

Business
1 answer:
defon3 years ago
7 0

Answer:

d) The answer is impossible to determine from the given information

Explanation:

One might think that the correct answer is the b) it rose. However, you should consider that the statement is comparing the lifestyle of humans 1000 years ago with modern standards of poverty. Which is not entirely correct, since 1000 years ago <u>antibiotics had not been discovered, nor had processes developed to purify water, much less invented means of transport such as train or cars</u>. It is possible that 1000 years ago, lacking these comforts wasn't an indicator of poverty as it is today, basically because at that time in history those things didn't exist.

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At Lequals86​, Kequals90​, the marginal product of labor is 8 and the marginal product of capital is 2. What is the marginal rat
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Answer:

0.25

Explanation:

The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.

Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:

MRST_{KL} = \frac{MP_{K} }{MP_{L} }

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This implies that 0.25 of capital must be given up to have one unit of labor.

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2 years ago
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D2

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