Question 10 What does the production function illustrate? how to maximize output how factors of production are produced how factors of production relate to output how to maximize production most efficiently Question 11 Match each part of the Solow model function, Y = F(A, K, eL) to its correct definition. į human capital Choose ideas physical capital long run aggregate demand consumption labor assets efficiency human capital D Question 12 Because of diminishing returns to capital, as capital inputs increase decreases. technological growth growth the marginal product of capital output Question 13 The Solow model predicts that output as capital units increase. remains constant increases at a constant rate increases at a decreasing rate increases at an increasing rate
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