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Author Question: Which of the following statements correctly describes the distinction between technology and ... (Read 200 times)

luminitza

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on: Jun 29, 2018
Which of the following statements correctly describes the distinction between technology and technological change?
 
  A) Technology involves research and development while technological change involves the use of more efficient machinery.
  B) Technology is product-centered; its refers to developing new products with limited resources while technological change is process-centered in that it focuses on developing new production techniques.
  C) Technology refers to the processes used by a firm to transform inputs into output of goods and services while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.
  D) Technology refers to the ability of a firm to increase its maximum output from a given quantity of inputs and technological change is the process by which the firm achieves this productivity gain.

Question 2

Consumers maximize total utility within their budget constraint by
 
  A) spending the same dollar amount for each good.
  B) buying the cheapest goods they can find.
  C) buying whatever they like the best.
  D) buying the goods with the largest marginal utility per dollar spent.
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coreycathey

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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luminitza

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dreamfighter72

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Reply 3 on: Yesterday
Excellent

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