How does a capital investment affect the marginal physical product of labor? does more college education have the same kind of effect? which is a better investment?

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Chika IlonahLv10

28 Sep 2019

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How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?

A temporary supply shock, such as a drought, would:

A. increase the marginal product of capital and increase the desired investment.

B. decrease the marginal product of capital and decrease the desired investment.

C. have little or no effect on the desired investment.

D. decrease both the marginal product of capital and the marginal product of labor in the long-term future.

scarletbeaver457

When government spending increases, the first shift in the labor supply curve is due to a/an ____________ effect, and the second shift is due to a/an _____________ effect.

A. income; substitution

B. substitution; income

C. substitution; income

D. income;income

Consider the effects on current consumption due to an expected future increase in total factor productivity. The substitution effect follows from the change in _____________ and the income effect follows from the change in _____________.

A. the umemployment rate; the real wage rate

B. the real wage rate; the tax rate

C. the marginal product of labor; the marginal product of capital

D. the real interest rate; the consumer's lifetime weath.

Why does a future increase in total factor productivity affect current investment demand?

A. Because current captial decreases

B. Because the current marginal product of capital increases.

C. Because the future marginal product of capital increases

D. None of the above