Essay
Which of the following are examples of a firm experiencing a positive technological change?
a.A firm is able to reduce its inputs by 15 percent and still produce the same level of output.
b.A seminar attended by the firm's workers makes them more productive.
c.A firm adds 5 percent to its workforce and is able to maintain its initial level of output.
d.A firm restructures its distribution system and is able to save on its shipping times.
e.A firm rearranges its warehouse and finds that it can use fewer workers to maintain its productivity level.
Correct Answer:

Verified
Examples a, b, d, and e are examples of ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q302: A curve showing the lowest cost at
Q303: Explain whether each of the following is
Q304: If a firm is experiencing diseconomies of
Q305: The marginal rate of technical substitution is<br>A)the
Q306: What is minimum efficient scale? What is
Q308: The marginal product of labor is calculated
Q309: Figure 11-15<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-15
Q310: Minimum efficient scale is defined as the
Q311: When Segment.com implemented changes which allowed it
Q312: Figure 11-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-2