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Author Question: During the computer revolution of the 1980s and 1990s, many firms replaced old technology with new ... (Read 79 times)

kaid0807

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During the computer revolution of the 1980s and 1990s, many firms replaced old technology with new technology. What might explain why firms don't change technology as quickly today?
 
  What will be an ideal response?

Question 2

Suppose the production function for T-shirts can be represented as q = L0.25K0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is needed.
 
  What will be an ideal response?


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kalskdjl1212

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kaid0807

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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