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Author Question: Suppose the production function for a certain device is q = L + 2K. If a neutral technical change ... (Read 69 times)

anshika

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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
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dlook33

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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.
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anshika

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Reply #2 on: Jul 1, 2018
Correct answers!


dlook33

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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