Problem
Sketch a per-worker production function in the diagram that illustrates the law of diminishing marginal returns. Identify the level of output per worker produced given k capital per worker. Illustrate the impact of technological changes that increase productivity. Identify the new level of output per worker that can be produced given k capital per worker.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.