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PRODUCTION FUNCTION Y = y ( K , L ) There sould be a nopemeit along the curve up and
to the rokt and per oapita noome aoud rise Thare novid be a movement down and to be let along
the ourve and per capita inoome wolls fat The curve moud ahif upwerd ans per capta income
would nse The curve woudd shit downward and per caphe incoms woudd talt.

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  • 1. PRODUCTION FUNCTION Y = y ( K , L ) There sould be a nopemeit along the curve up and to the rokt and per oapita noome aoud rise Thare novid be a movement down and to be let along the ourve and per capita inoome wolls fat The curve moud ahif upwerd ans per capta income would nse The curve woudd shit downward and per caphe incoms woudd talt.