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Author Question: A rise in the average productivity of labor a. always reflects technical progress. b. reflects ... (Read 236 times)

itsmyluck

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on: Jul 1, 2018
A rise in the average productivity of labor
 a. always reflects technical progress.
  b. reflects technical progress if other input usage hasn't changed.
  c. reflects technical progress only if labor input hasn't changed.
  d. reflects technical progress only if the quantity of output is increased.

Question 2

A technical innovation in the production of automobiles by Ford Motor Company's for 1 million cars per year would necessarily
 a. shift the 1 million car isoquant away from the origin.
  b. shift the 1 million car isoquant toward the origin.
  c. cause 1 million cars to be produced with more capital and less labor.
  d. cause 1 million cars to be produced with more labor and less capital.


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javimendoza7

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


itsmyluck

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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