A Change in Technology or the Relative Prices of the Inputs

question 50

True/False

A change in technology or the relative prices of the inputs used in a production process would cause a manager's choice of inputs to use in the production process to change as well.

---

Definitions:

Impatient

The feeling of annoyance or irritation when faced with delay, often leading to a desire for immediate satisfaction or action.

ADH

Antidiuretic Hormone, a hormone produced by the pituitary gland that regulates the amount of water reabsorbed by the kidneys.

Tubular Reabsorption

The second process of urine formation in which the glomerular filtrate flows into the proximal convoluted tubule.

Glomerular Filtration

The process by which the kidneys filter blood, removing excess wastes and fluids to produce urine.