This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the production function for a certain device is q = L + 2K. If a neutral technical change ... (Read 56 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jul 1, 2018
Suppose the production function for a certain device is q = L + 2K. If a neutral technical change has occurred, which of the following could be the new production function?
 
  A) q = L + 5K
  B) q = 5  (L + K)
  C) q = 2L + 4K
  D) All of the above are possible.

Question 2

If a technological change occurs such that the production function shifts from q = 10K0.5 L0.5 to q = 10.5K0.3 L0.5, then the technological change is
 
  A) both neutral and non-neutral.
  B) neutral.
  C) non-neutral.
  D) Not enough information given.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 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.
Answer Preview
Only 50% of students answer this correctly


anshika

  • Hero Member
  • *****
  • Posts: 510
Reply #2 on: Jul 1, 2018
Correct answers!


dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Bonding Partners and Energy May Change in a Chemical Reaction Bonding Partners and Energy May Change in a Chemical Reaction
Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ... Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ...
Climate Change in East Asia Climate Change in East Asia
How to transform the natural exponential function (e^x) How to transform the natural exponential function (e^x)
Recent Climate Change Recent Climate Change
Mitochondrial structure and function Mitochondrial structure and function
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library