Suppose the price of capital and labor remain constant but that the average educational level of workers has increased and therefore, productivity of labor increases. This would lead a firm
A) to adopt a more capital-intensive production technology.
B) to keep its output and production technology unchanged, but to use fewer units of labor.
C) to adopt a more labor-intensive technology.
D) to use only labor to produce the product.
Question 2
Suppose there are economies of scale in the production of a specialized memory chip that is used in manufacturing microwaves. This suggests that the microwave industry is a decreasing-cost industry.
Indicate whether the statement is true or false
Menstrual cycle summary based on a 28-day (average) menstrual cycle.
The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
The developed countries must reduce the level of greenhouse gas emissions
Share of Human Capital in Wages in Advanced Countries
What is the value of the equilibrium constant, K, at 25°C for the reaction?