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Author Question: Assume the prices of labor and capital remain the same, but the average educational level of workers ... (Read 107 times)

2125004343

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on: Apr 19, 2019

Question 1

The specific technology chosen by a profit-maximizing clothing manufacturer depends on


◦ input prices.
◦ output prices.
◦ demand for the output.
◦ supply of the output.

Question 2

Assume the prices of labor and capital remain the same, but the average educational level of workers decreases and therefore labor productivity decreases. This would lead a firm to


◦ use a more capital-intensive production technology.
◦ use a more labor-intensive technology.
◦ not change its production technology, but produce fewer units of output.
◦ use only capital to produce the product.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by 2125004343 on Apr 19, 2019

djofnc

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Reply #1 on: Apr 19, 2019
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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2125004343

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Reply #2 on: Apr 19, 2019
Thanks


djofnc

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Reply #3 on: Apr 19, 2019
Welcome :)


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