Author Question: The difference between technology and technological change is that A) technology is ... (Read 92 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
The difference between technology and technological change is that
 
  A) technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.
  B) technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production.
  C) technology involves the use of capital equipment while technological change requires the use of brain power.
  D) technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.

Question 2

Marginal utility can be
 
  A) positive. B) negative.
  C) zero. D) positive, negative, or zero.


cswans24

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library