Suppose the Production Function for a Certain Device Is Q

question 104

Multiple Choice

Suppose the production function for a certain device is q = L + K.If neutral technical change has occurred,which of the following could be the new production function?

• A) q = L + 5K
• B) q = 5 ∗ (L + K)
• C) q = 5L + K
• D) All of the above are possible.

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Definitions:

Employee Needs

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A theory suggesting that certain characteristics of the organization, task, or subordinates can diminish or replace the need for leadership.

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Path-Goal Leadership Theory

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