If a Firm Experiences Positive Technological Change, It Is Able

question 130

True/False

If a firm experiences positive technological change, it is able to produce more output using the same inputs.

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Definitions:

Reversible Reaction

A reversible reaction is a chemical reaction where the reactants form products that, in turn, react together to give the reactants back.

Organic Compound

An organic compound is a chemical compound containing carbon atoms bonded to hydrogen atoms, often along with other elements.

Hydrochloric Acid

A strong, corrosive acid primarily found in the stomach, where it aids in digestion by breaking down foods and killing bacteria.

Sucrose

Disaccharide composed of glucose and fructose; table sugar.