Question: Q2) Suppose A, B, C, D and E are different technologies as shown in the figure below: I. Which technology is the most labor-intensive and

Q2) Suppose A, B, C, D and E are different technologies as shown in the figure below:

Q2) Suppose A, B, C, D and E are different technologies as

I. Which technology is the most labor-intensive and which technology is the most capital intensive? II. Output is given as Y = P * Q where P is the price of the input used. Suppose 1 tonne of coal costs $1 and the wage of a worker is $1 per hour. Calculate the output for the technology at D and E. III. What is the output for Technology B if it hires 8 workers? IV. For a country like Pakistan which type of technology among them you suggest? V. If we join points C, D and E what line will we get?

10 9 8 7 Tonnes of coal 5 D 3 2 B 1 E 1 2 3 4 5 6 7 8 9 10 Number of workers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q2) suppose A, B, C, D and E are different technologies as shown in the figure below : (5 marks) 10 9 8 6 Tonnes of coal D 1. Which technology is the most labor intensive and which technology is the...

4 easy accounting questions and a comfortable due date. Sorry I can't offer any more tutor credit. Thanks in advance! :-) Question 1: A few years ago, a publishing company in the fourth quarter had a...

\fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does...

Describe the customer value proposition, profit model, core capabilities, and dynamic capabilities that underlay Prosper's business model. Note that Prosper's 'matching' service involves two sets of...

a. Argentina's president has ordered a price freeze on all food products, including milk. The results are predictable. Market demand will spill over retailers who cannot satisfy the demand for these...

STAT 200 Final Examination Summer 2017 OL3 Page 1 of 10 STAT 200 Introduction to Statistics Name______________________________ Final Examination: Summer 2017 OL3/US2 Instructor...

its maccro i need detailed answers Exercises Question 1 ("Review of Production and Cost Functions, and Prot Mardoiization} Suppose each worker costs $1130 to hire. An example firm has the following...

STAT 200 Final Examination Summer 2017 OL3 Record your answers and work. Proble m Number Solution Answer: (a) (b) (c) (d) 1 (e) Justification: Answer: (a) (b) (c) 2 Justification: Page 1 of 9 STAT...

To determine the effect of various discount levels, prepare the headings in columns C,D, and E as shown. Copy everything from column B to Columns C,D, and E. Change the cost per item in columns C,D,...

QUESTION Save as set out below, none of the documents referred to in this Question are produced for the purpose of this Assessment. You are a trainee solicitor with the firm of ULaw LLP of 36 Avenue...

An ideal Brayton cycle with regeneration has a pressure ratio of 10. Air enters the compressor at 300 K and the turbine at 1200 K. If the effectiveness of the regenerator is 100 percent, determine...

1. When water emerges from a faucet, the stream narrows as the water falls. Explain why. 2. Find the diameter of a tube that would give double the flow rate for the pressure difference in Problem 57.

. How is a gain on sale of fixed asset reported on a cash flow using the indirect method? How is loss on sale of a fixed asset reported on a cash flow using the indirect method

Please! need professional help in this. The text below shows the reply sent from the server in response to the HTTP GET message in the question above. Answer the following questions, indicating where...

9. Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate...

7. Using the following NIPA data, compute GDP. All figures are in billions. LO1

b. An auto dealers sale of a new car to a nonbusiness customer. c. The money received by Smith when she sells her biology textbook to a used-book buyer. d. The publication and sale of a new economics...