Which of the following increases total factor productivity?
A) investment in machinery
B) a harsh winter
C) better access to credit
D) new production procedures
D
You might also like to view...
If the level of investment spending increases by $100 and the MPC in the economy is 0.8, then the cumulative spending increase after three rounds of spending is
A. $280. B. $260. C. $244. D. $220.
Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) and has a utility function U = V1/2 (where V is the number of healthy vacation days they experience). Suppose they are not a particularly healthy family and the probability that someone will have a vacation ruining illness (V = 0) is 30%. What is the expected value of V?
a. 10 b. 7 c. 3 d. 0
Suppose that the installation, operating, and maintenance costs of a large wind turbine is four times that of a small turbine and has four times the generating capacity. The wind power industry faces
A. constant returns to scale. B. economies of scale C. increasing marginal cost. D. diseconomies of scale.
Distinguish between a change in demand and a change in quantity demanded
What will be an ideal response?