Explain how saving and investment in capital change labor productivity. Why do diminishing returns arise? Provide an
Question:
Explain how saving and investment in capital change labor productivity. Why do diminishing returns arise? Provide an example of diminishing returns. Use a graph of the productivity curve to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (10 reviews)
Saving and investment in new physical capital increase labor productivity Diminishing returns howeve...View the full answer
Answered By
Caroline Kinuthia
Taking care of the smaller details in life has a larger impact in our general well being, and that is what i believe in. My name is Carol. Writing is my passion. To me, doing a task is one thing, and delivering results from the task is another thing. I am a perfectionist who always take things seriously and deliver to the best of my knowledge.
4.90+
1934+ Reviews
4273+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Provide an example of an indirect labor cost.
-
Multiple Choice Questions: 1. If a country increased its saving rate? a. Its current consumption would have to fall. b. Its current consumption would have to rise. c. Its future consumption...
-
Consider the intertemporal budget constraint in equation (18.5). Assume the interest rate is I = 5%. (a) Suppose the government cuts taxes today by $100 billion. Describe three possible ways the...
-
In January 2021 Karl sells a one-quarter interest in a chattel for 2,500. On the date of this sale, the remaining three-quarters interest is valued at 8,500. The chattel had cost Karl 3,850 in...
-
The steady-state diffusion flux through a metal plate is 7.8 10-8 kg/m2.s at a temperature of 1200C (1473 K) and when the concentration gradient is -500 kg/m4. Calculate the diffusion flux at 1000C...
-
Winding and Cheney (1948) passed air at \(310 \mathrm{~K}\) and \(1 \mathrm{~atm}\) through a bank of rods of naphthalene. The rods were in a staggered arrangement, with the air flowing at right...
-
Which measure expresses Liberty's times-interest-earned ratio? a. 15 times b. 27 times c. 20 times d. \(51.8 \%\)
-
J. K. Pratt Co. had the following transactions: 20-1 July 20 Received a $750, 30-day, 10% note from J. Akita in payment for sale of merchandise. Aug. 19 J. Akita paid note issued July 20 plus...
-
A typical insurance claim requires submitting two sets of documents. D1 documents relate to the insurance policy and insurance holder while D2 documents relate to the damage and the estimated cost of...
-
An aluminum master alloy manufacturer produces grain refiners in ingot form. The company produces the product in four furnaces. Each furnace is known to have its own unique operating characteristics,...
-
Explain the link between labor hours, labor productivity, and real GDP.
-
Describe how potential GDP per person has grown since 1960.
-
Review Exhibit 3.8 which lists affinity groups at Microsoft. If you were a Microsoft employee, would you join one of these groups? If yes, which one? If no, why not?
-
Set up an iterated triple integral in the order dxdzdy that gives the volume of the solid in the first octant enclosed by the xz-plane, the plane 2x + y +2z = 8, and the parabolic cylinder y = x. Do...
-
Plaster casts for broken bones need to be customized, are uncomfortable to wear, and make travel difficult. Design requirements: You have been hired as a product designer to re - imagine the...
-
Find all solutions of the equation in the interval (0, 2). (Enter your answers as a comma-separated list. If there is no solution, enter NO SOLUTION) tan'(x) sec(x)-1 xm x
-
Program 6 Date Manipulation and Roman Numerals Using the datetime and roman Modules You are to write a program which uses the Python datetime and roman modules. Videos that I placed in Blackboard...
-
Looking at the learning strategies we covered this week of study skills, test-taking, note-taking, and memory skills, share one tip you that really works for you? If you have a great website, source,...
-
Akida has invested $10 000 in an 18-month GIC that pays 1.95 percent. How much interest will Akida receive at maturity?
-
Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...
-
How does a change in the price level influence the AE curve and the AD curve?
-
Calculate consumption at each level of disposable income. Calculate the marginal propensity to consume. You are given the following information about the economy of Australia: Saving (billions of...
-
Explain the link between equilibrium expenditure and the quantity of real GDP demanded.
-
a. In nucleotide-based alignment, one algorithm to update scores in comparing two nucleotide sequences is shown below (8 is gap penalty; vi and wj are two nucleotides being compared; u is a...
-
How many times does the following loop execute? for(x = 1000; x <10; x--) { code here... }
-
a) Write an assembly program to implement the following instructions. HINT: YOU CAN USE REGISTERS FOR STORING INTERMEDIATE INFORMATION IF NEEDED. EAX, EBX, ECX, EDX, ESI, EDI REGISTERS ARE AVAILABLE....
Study smarter with the SolutionInn App