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Author Question: What is production technology? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 69 times)

Frost2351

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on: Jun 29, 2018
What is production technology?
 
  What will be an ideal response?

Question 2

Refer to Table 8-5. The value of each automobile in gross domestic product equals
 
  A) 7,000. B) 15,000. C) 18,000. D) 25,000.


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rleezy04

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Production technology is the quantitative relationship between inputs and outputs. This relationship can be expressed using a production function.

Answer to Question 2

D


Frost2351

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

mohan

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Reply 3 on: Yesterday
Excellent

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