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Why does it have the shape that you have drawn

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Reference no: EM13321705

Draw a graph of the aggregate production function with capital, K, on the horizontal axis.

a. Why does it have the shape that you have drawn?

b. How would the graph change if there is an improvement in technology?

c. How would the graph change if there is an increase in the productivity of labor?

Reference no: EM13321705

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