There Is a Theory That Says the Rate at Which

question 55

Multiple Choice

There is a theory that says the rate at which information spreads by word of mouth is proportional to the product of the number of people who have heard the information and the number who have not. Suppose the total population is N. Which of the following differential equations describe the rate, , at which the information spreads by word of mouth?

---

Definitions:

Production Possibility Frontier

A graphical representation showing the maximum combination of goods or services that can be produced with a given set of resources.

Technology Improvement

Technology Improvement refers to the enhancement or development of new technologies or the improvement of existing ones, leading to more efficient processes, products, or services.

Resources Increase

A rise in the availability of resources, such as capital, labor, and raw materials, which can lead to economic growth.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between the two commodities.