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Populations tend to grow over time, meaning there are more workers. In order to maintain a constant level of worker productivity, the total amount of capital available to them must:
a. increase at a rate at least equal to population growth.
b. decrease slightly, as this will motivate employees to work harder.
c. increase at a rate less than the rate of population growth.
d. increase at a rate equal to the rate of inflation.
e. stay constant over time, as inflation and population growth tend to cancel each other out.
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as the rate of innovation increases companies face expanding productservice lines shorter product and service
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Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.
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