Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The overall effect of an improvement in technology will be? A. increase the returns to labourbut decrease the returns to capital B. increase the returns

The overall effect of an improvement in technology will be?

A.

increase the returns to labourbut decrease the returns to capital

B.

increase the returns to capital but decrease the returns to labour

C.

increase the returns to capital but leave the returns to labourunchanged

D.

increase the returns to both capital and labour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Assurance Services and Ethics in Australia an Integrated Approach

Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler

9th edition

978-1442539365

Students also viewed these Economics questions

Question

BARD the conversational ai chatbot is developed by which company

Answered: 1 week ago