Recent Posts • Latest Topics • Unanswered Questions

Assume the prices of labor and capital remain the same, but the average educational level of workers ...

asprague24

wrote...

Go to Answer

Posts: 486

Rep:

5 years ago

Assume the prices of labor and capital remain the same, but the average educational level of workers ...

Question 1.

The specific technology chosen by a profit-maximizing clothing manufacturer depends on

▸ input prices.

▸ output prices.

▸ demand for the output.

▸ supply of the output.

Question 2.

Assume the prices of labor and capital remain the same, but the average educational level of workers decreases and therefore labor productivity decreases. 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 produce fewer units of output.

▸ use only capital to produce the product.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 69 times

2 Replies

Report

Replies

Answer verified by a subject expert

osvaldoguzman

wrote...

Posts: 410

Rep:

5 years ago

More solutions for this book are available here

Report

Related Topics

asprague24 Author

wrote...

5 years ago

Thanks

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1340 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

314

313

239

Your Opinion

Previous poll results: What's your favorite funny biology word?

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.