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Author Question: Assume that the price of labor and capital have remained the same, but that the average educational ... (Read 137 times)

clippers!

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 7.6 below to answer the question(s) that follow. 









Refer to Figure 7.6. If the price of capital is $20 and the price of labor is $10, the optimal product technique is


◦ A.
◦ B.
◦ C.
◦ D.

Question 2

Assume that the price of labor and capital have remained the same, but that the average educational level of workers has increased and therefore the productivity of labor has increased. This would lead a firm to


◦ use a more capital-intensive production technology.
◦ use a more labor-intensive technology.
◦ not change its production technology, but to produce fewer units of output.
◦ use only labor to produce the product.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by clippers! on Apr 19, 2019

CAPTAINAMERICA

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Reply #1 on: Apr 19, 2019
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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clippers!

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Reply #2 on: Apr 19, 2019
Excellent


CAPTAINAMERICA

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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