Multiple Choice
Of the following, which is the least likely example of an increase in total factor productivity?
A) good weather
B) the introduction of the assembly line
C) a reduction in the relative price of energy
D) an educated work force
E) the invention of the personal computer
Correct Answer:

Verified
Correct Answer:
Verified
Q26: At the optimal consumption bundle, the marginal
Q27: We typically assume that<br>A)both consumption and leisure
Q28: The construct of a representative firm is
Q29: An indifference curve is best defined as<br>A)the
Q30: A utility function<br>A)captures the maximum satisfaction of
Q32: In a typical aggregate production function, total
Q33: "More is always preferred to less" refers
Q34: In the production function, <span
Q35: The shape of the indifference curve depends
Q36: A defense for the assumption that consumers