Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
asprague24 asprague24
wrote...
Go to Answer
Posts: 486
Rep: 9 0
5 years ago

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

Principles of Economics


Edition: 12th
Authors:
Read 68 times
2 Replies
Replies
Answer verified by a subject expert
osvaldoguzmanosvaldoguzman
wrote...
#1
Posts: 410
Rep: 62 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

asprague24 Author
wrote...
#2
5 years ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  2130 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1951
  
 217
  
 364