Labor saving nonneutral technical progress allows a firm to

A) produce more output with the same inputs.
B) use less labor and the same amount of other inputs to produce the same level of output.
C) use more labor to produce the same level of output.
D) use less labor and more of other inputs to produce the same level of output.

B

Economics

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In the above figure, the Nash product is

A) 20. B) 40. C) 100. D) 400.

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Should this firm be concerned if macroeconomic forecasters predict a recession? Explain

What will be an ideal response?

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