Identifying positive technological change.

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Answer 1

Question

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Subpart (b):

To determine

Identifying positive technological change.

Subpart (c):

To determine

Identifying positive technological change.

Subpart (d):

To determine

Identifying positive technological change.

Subpart (e):

To determine

Identifying positive technological change.

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Multiple choice questions - Microeconomics 35) What is the firm’s efficient scale? A. the quantity of output that minimizes average total cost B. the quantity of output that minimizes average variable cost C. the quantity of output that minimizes marginal cost D. the quantity of output that minimizes average fixed cost 34) Marginal cost increases as the quantity of output increases. What property does this reflect? A. diminishing total cost B. increasing marginal product C. increasing total cost D. diminishing marginal product

1a. A technology can exhibit constant returns to scale and diminishing marginal product to each factor. True or False? Briefly explain. 1b. A technology can exhibit different kinds of returns to scale at different ranges of production. True or False? Briefly explain.

QUESTION 15 Use the following table and use your previous calculations at what quantity of output does marginal cost = average variable cost and marginal cost = average total cost Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. MC = ATC between 20/40 of output MC = AVC between 10/30 of output b. MC = ATC at 40 of output MC = AVC at 20 of output c. MC = ATC at 30 of output MC = AVC at 10 of output d. MC = ATC between 10/20 of output MC = AVC between 30/40 of output e. MC = ATC between 30/40 of output MC = AVC between 10/20 of output

Answer 2

Question

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Subpart (b):

To determine

Identifying positive technological change.

Subpart (c):

To determine

Identifying positive technological change.

Subpart (d):

To determine

Identifying positive technological change.

Subpart (e):

To determine

Identifying positive technological change.

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Answer 3

Question

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Subpart (b):

To determine

Identifying positive technological change.

Subpart (c):

To determine

Identifying positive technological change.

Subpart (d):

To determine

Identifying positive technological change.

Subpart (e):

To determine

Identifying positive technological change.

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Answer 4

Question

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Subpart (b):

To determine

Identifying positive technological change.

Subpart (c):

To determine

Identifying positive technological change.

Subpart (d):

To determine

Identifying positive technological change.

Subpart (e):

To determine

Identifying positive technological change.

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Answer 5

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Subpart (b):

To determine

Identifying positive technological change.

Subpart (c):

To determine

Identifying positive technological change.

Subpart (d):

To determine

Identifying positive technological change.

Subpart (e):

To determine

Identifying positive technological change.

Answer 6

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Answer 7

Chapter 11, Problem 11.1.4PA

Subpart (a):

To determine

Identifying positive technological change.

Answer 8

Subpart (b):

To determine

Identifying positive technological change.

Answer 9

Subpart (b):

To determine

Identifying positive technological change.

Answer 10

Subpart (c):

To determine

Identifying positive technological change.

Answer 11

Subpart (c):

To determine

Identifying positive technological change.

Answer 12

Subpart (d):

To determine

Identifying positive technological change.

Answer 13

Subpart (d):

To determine

Identifying positive technological change.

Answer 14

Subpart (e):

To determine

Identifying positive technological change.

Answer 15

Subpart (e):

To determine

Identifying positive technological change.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 11.A - Prob. 1RQ Ch. 11.A - Prob. 2RQ Ch. 11.A - Prob. 3RQ Ch. 11.A - Prob. 4PA Ch. 11.A - Prob. 5PA Ch. 11.A - Prob. 6PA Ch. 11.A - Prob. 7PA Ch. 11.A - Prob. 8PA Ch. 11.A - Prob. 9PA Ch. 11.A - Prob. 10PA

Identifying positive technological change.

Solution Summary: The author explains that positive technological change is not the change in the price of input, but the exercise program that helps the workers to be healthy and productive.

Identifying positive technological change.

Identifying positive technological change.

Identifying positive technological change.

Identifying positive technological change.

Identifying positive technological change.

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Chapter 11 Solutions