Consider the economies of Sporon and Gribinez, both of which produce glops of gloop using only...

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Consider the economies of Sporon and Gribinez, both of which produce glops of gloop using only tools and workers. Suppose tha

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Answer 1

Answer #1

Sporon

Productivity in 2014 = 3000/30 = 100

Productivity in 2024 = 3600/30 = 120

Gribinez

Productivity in 2014 = 2400/30 = 80

Productivity in 2024 = 3600/30 = 120

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1) smaller

2) diminishing returns

3) easier

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Answer 2

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