Production becomes more capital intensive. What would be the impact on the country's production function?Select one:a. remain unchangedb. shift outwardsC.movement upwards along the same curved. shift inwardse.movement downward along the same curveNext pagus pageer tour on this pageDECtv.*..LOLEGO

Capital intensive implies that the useful cycle that needs a high level of interest in fixed assets…

Answered: one: remain unchanged shift outwards…

one: remain unchanged shift outwards movement upwards along the same curve d. shift inwards e. movement downward along the same curve

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 4CQQ

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Question

Production becomes more capital intensive. What would be the impact on the country's production function?
Select one:
a. remain unchanged
b. shift outwards
C.
movement upwards along the same curve
d. shift inwards
e.
movement downward along the same curve
Next pag
us page
er tour on this page
DEC
tv
.*..
LO
LEGO

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