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In: Economics

After the plaque, output and capital per worker started to increase. what is the impact of...

  1. After the plaque, output and capital per worker started to increase. what is the impact of an increase in technology.
  2. The slope of the output-per-worker line is the return to an additional unit of capital per worker. If the return on capital is constant with time, why does technological change cause capital investment? Show diagrams to support your answer

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Expert Solution

Rahul Sunny answered 1 year ago
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