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Figure 12-1

Question 220

Multiple Choice

Figure 12-1. On the horizontal axis, K/L represents capital (K) per worker (L) . On the vertical axis, Y/L represents output (Y) per worker (L) . Figure 12-1. On the horizontal axis, K/L represents capital (K) per worker (L) . On the vertical axis, Y/L represents output (Y) per worker (L) . -Refer to Figure 12-1. The curve becomes flatter as the amount of capital per worker increases because of A) increasing returns to capital. B) increasing returns to labor. C) diminishing returns to capital. D) diminishing returns to labor.
-Refer to Figure 12-1. The curve becomes flatter as the amount of capital per worker 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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