Economics: Microeconomic Analysis - Reading 16: Organizing P technology, following, style, black, class

mayanfang1

Q1. Ken Brobeck and Alice Magnuson are discussing the use of technology in production. They state the following:

Brobeck: If a firm has an opportunity to increase both its output and revenue by adopting new technology, it should do so.

Magnuson: If a production process is economically efficient, it must also be technologically efficient.

With respect to these statements:

A)   both are incorrect.

B)   only Magnuson is incorrect.

C)   only Brobeck is incorrect.

Q2. Technological and economic efficiency are most accurately described by which of the following statements?

A)   For a given level of output, technological efficiency uses the least amount of inputs whereas economic efficiency has lowest possible cost.

B)   For a given level of output, technological efficiency uses the least labor and economic efficiency uses the least capital.

C)   In order for an activity to be technologically efficient, it must be economically efficient.

Victoria_tjc

还要继续读书啊~

cfamajor

谢谢，看答案，题目很难啊

usbank

回复 2# mayanfang1


    c;yi;uy;yul

usbank

回复 8# zray


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lemongace

thanks~have a loo~

gaoflex

thank you!

kennybb

thanks

flowingfire

ca

kepei7763

thx