Suppose the production function for a certain device is q = L + K. If 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 = 5L + K
D) All of the above are possible.
B
Economics
You might also like to view...
If the interest rate is 4 percent, the present value of $10,000 to be received two years from today is about
A) $9,246. B) $9,615. C) $10,816. D) $10,400.
Economics
If aggregate demand equals output,
A) the economy is in a recession. B) output will increase. C) output will fall. D) the economy is at its equilibrium level.
Economics