If the capital stock increases, then the economy can produce ____ output with the ____ amount of labor
a. same, same
b. less, same
c. more, same
d. less, less
c
Economics
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It is always the best strategy to
A) not always be the first mover. B) be the first mover. C) never innovate. D) to seek accounting profits.
Economics
An increase in the capital stock has the same effect on the production function as an increase in
a. labor. b. output. c. GDP. d. technology.
Economics