Suppose the Production Function for a Certain Device Is Q

question 102

Multiple Choice

Suppose the production function for a certain device is q = L + 2K.If a 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 = 2L + 4K
• D) All of the above are possible.

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Definitions:

Third Shift

Refers to the working hours from midnight to 8 AM, also known as the graveyard shift, which can disrupt natural circadian rhythms.

Consolidation

The process by which memories become stable in the brain following their initial acquisition, moving from a short-term to a long-term storage.

Hippocampus

A region of the brain that is associated with memory and spatial navigation.

Permanent Storage

The concept in psychology and neuroscience referring to the long-term retention of information in the brain.