Business, 18.03.2020 04:14, orcawave9408

Two economies are identical except that the level of capital per worker is higher in Highland than in Lowland. The production functions in both economies exhibit diminishing marginal product of capital. An extra unit of capital per worker increases output per worker: more in Lowland. more in Highland. in Highland, but not in Lowland. by the same amount in Highland and Lowland.

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Two economies are identical except that the level of capital per worker is higher in Highland than i...