On the horizontal axis kl represents capital k per work, Ask an Expert

Economics

On the horizontal axis, K/L represents capital (K) per work hour (L). On the vertical axis, Y/L represents output (Y) per work hour (L). 10. Refer to Figure 1. The curve becomes flatter as the amount of capital per work hour increases because of a. increasing returns to capital. b. increasing returns to labor. c. diminishing returns to capital. d. diminishing returns to labor.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91676003

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