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iPad 11:58 AM courses aplia.com Mac OS X semite Essent... Aplia: Student Question Course: FMIS 2201 Inform. ay15.moodle umn.edu/plu Grades Personalized Reviews Discussion Course Materials Home Economic Growth: Theory and Policy Graded Assignment l Read Chapter 7 l Back to Assignment Due Tuesday 10.27.15 at 06:00 PM Keep the Highest: /2 Attempts 1. Effects of capital stock, technology, and human capital on labor productivity The following graph shows a variety of possible production functions (PFs in an imaginary economy, assuming constant levels of technology and capital stock. Because technology and capital stock remain unchanged, each of these production functions represents a different level of the human capital. PF PF PF Hours of Labor Fill in the table with the curve that corresponds to each of the human capital levels described. Level of Human Capita This corresponds to Curve Lowest Middle Highest than the slope of the line connecting the origin to point A, because the slope of The slope of the line connecting the origin to point Bis such a line is equivalent to Save & Continue Grade It Now Session 55:17 y Notice ty No Copyright Notices Timeout

Explanation / Answer

In the graph we explained that using the tool production function, how much output can produce a economy using the specified inputs of labour.

The slope of the line connecting the origin to point B is Less than the slope of the line connecting the origin to Point A, Because the slope of such a line equivalent to economic growth

level og human capital this corresponds to curve lowest PF1 Middle PF2 Highest PF3

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