Quiz: Chapter 6 Quiz This Quiz: 43 pts possible 1 of 16 This Question: 9 pts Que
ID: 1111935 • Letter: Q
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Quiz: Chapter 6 Quiz This Quiz: 43 pts possible 1 of 16 This Question: 9 pts Question Hep | * Which of the following equations shows the effect of this new technology on the production of computer chips? OA. Y FIA, K, HI, where Y stands for GDP, A is the index of technology,K is the stock of physical OB. Y.1AxF(K H. whero Y stands for GOP Athe index of technolgy Kite stock of physcal O C Y- FIK, O D. Y 2AxF(K. H), where Y stands for GDP, A is the index of technology, K is the stock of physical Given the information that a new technology doubles the output of computer chips for any combination of captal and H is the eficiency units of labor used in the production of computer chips capita, and H is the efficiency units of labor used in the peoduction of computer chips capital, and H is the efficiency units of labor used in the production of computer chips capital, and H is the eficiency units of labor used in the production of computer chips 1 m HAlI, whene Y stands for GDP, A is the index of technology, K is the stock of physical capital and labor, complete the table below Y (in Millions of Stock of Physical Efficieney Units Capital (Units) 12000 1000 2000 24000 28000 3200o Eficiency units of labor 000 8000 of Labor 16.000 20,000 24,000 15,000 15,000 15,000 32,000 A Lusitanian inventor has produced a new technology that doubles the output of computer chips for any An object is selected. Delete it, or move it with arrows or by dragging Save for Later 3 5Explanation / Answer
The option D is correct that is Y= 2A F(K,H)
because if Each input increases by 1 unit then Output Increases by double.
Table- Y1= 2(15000+16000)=62000
Y2= 2(15000+20000)= 70000
Y3= 2(15000+24000)= 78000
Y4 = 2(15000+28000) = 86000
Y5= 2(15000+32000) = 94000
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