Refer to Table 9-8. Fill in the following table with the opportunity costs of producing bows and arrows for Ahmet and MyLinh
Bows Arrows
Ahmet
MyLinh
Bows Arrows
Ahmet 4 0.25
MyLinh 3 0.33
You might also like to view...
The simple Keynesian model assumes that
A) gross private domestic investment exceeds net investment by the capital consumption allowance. B) prices, especially the price of wages, are "sticky downward." C) there will never be any excess capacity in the short run. D) aggregate demand will always equal aggregate supply.
Graphically, the average productivity of labor would be illustrated by the slope of the marginal productivity curve at the relevant point
a. the slope of the total product curve at the relevant point. b. c. the negative of the slope of the marginal productivity curve at the relevant point. d. the slope of the chord connecting the origin with the relevant point on the total output curve.