capital but to labor as well. Prior to the Industrial Revolution, there was no
sustained growth in living standards.
Draw a graph to illustrate the relationship between population and output
produced, where population is measured on the horizontal axis, both pre- and
post-Industrial Revolution.
1.) Using the 3-point curve drawing tool, draw the production curve showing
diminishing returns to labor. Label your curve "Pre."
2.) Using the 3-point curve drawing tool, draw the production curve after the
Industrial Revolution. Label your curve 'Post.'
Carefully follow the instructions above and only draw the required objects.
- Capital But To Labor As Well Prior To The Industrial Revolution There Was No Sustained Growth In Living Standards Dra 1 (28.58 KiB) Viewed 39 times
The concept of diminishing returns to a factor of production applies not only to capital but to labor as well. Prior to the Industrial Revolution, there was no sustained growth in living standards. Draw a graph to illustrate the relationship between population and output produced, where population is measured on the horizontal axis, both pre- and post-Industrial Revolution. 1.) Using the 3-point curve drawing tool, draw the production curve showing diminishing returns to labor. Label your curve 'Pre. 2.) Using the 3-point curve drawing tool, draw the production curve after the Industrial Revolution. Label your curve "Post." Carefully follow the instructions above and only draw the required objects. CHIE Clear all G Check answer