MAE203 Global Economy - Individual Assignment

MAE203 Global Economy - Individual Assignment

Question 2. (Total = 6 Marks)
[Half a mark each for Questions 2.1, 2.2, 2.3, 2.4. One mark for 2.5 and 1.5 marks for 2.6 and 2.7]

2.3 According to the above diagram, what will result in an upward shift of an economy’s per-worker production function and indicate such upward shift in the above graph? (0.5 mark)