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Llanis Llanis
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6 years ago
Suppose the production function for a certain device is q = L + K. If a labor-saving 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.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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TecShdwTecShdw
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6 years ago
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