One Measure of Student Output Is Number of Completed Math

question 28

Multiple Choice

One measure of student output is number of completed math problems produced.Using pen and paper only,a student can complete 50 math problems in 2 hours.Using pen,paper,and a calculator,the same student can complete 100 math problems in 2 hours.(The student is already familiar with,and knows how to use,the calculator. ) This scenario illustrates the use of which factor of production?

• A) physical capital
• B) human capital
• C) technological knowledge
• D) both human capital and technological knowledge

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Definitions:

Differentiation

The process or strategy of making a product, service, or brand stand out from its competitors by having unique features, quality, or identity.

Products

Goods or services that are created through a process and offered in the market to satisfy the needs or wants of customers.

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.