The aggregate production function relating real GDP to labor hours
A) has a constant slope.
B) has a negative slope.
C) has a positive slope and becomes steeper as employment increases.
D) has a positive slope and becomes less steep as employment increases.
D
Economics
You might also like to view...
Why is money you receive at some future date worth less to you than money you receive today?
What will be an ideal response?
Economics
In order to maximize profits, a firm should produce the level of output at which total revenue is maximized
a. True b. False Indicate whether the statement is true or false
Economics