Output per labour Production function 3 Production function 2 Production function 1 Capital per labour...
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Accounting
Output per labour Production function 3 Production function 2 Production function 1 Capital per labour The movement from A to B to C in the Figure illustrates: an increase in the labour population. a decrease in the capital to labour ratio. a decline in capital per labour. diminishing returns to labour. diminishing retums to capital
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