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Q2) suppose A, B, C, D and E are different technologies as shown in the figure below : (5 marks) 10 9 8 6 Tonnes
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 most capital intensive II. Output is given as Y = P * Q where P is the price of the input used. Suppose 1 tonnes of coal costs $1 and wage of a worker is $1 per hour calculate the output for the technology at D and E III. What is output for Technology B if it hires 8 workers IV. For country like Pakistan which type of technology among them you suggest ? V. a gf we join points C, D and E what line will we get ? 3 B 2 1 1 9 10 2 3 4 5 6 7 8 Number of workers
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