Asked by Willow Stevens on Jun 12, 2024
Verified
Refer to Table 7.1. Which technology is the most capital intensive?
A) A
B) B
C) C
D) D
Market Price
The going rate at which a commodity or service is offered for buying or selling in a trading environment.
Technologies of Production
The methods and processes used to produce goods and services, incorporating both the tools and techniques involved.
Prices of Inputs
This term describes the cost of resources used in the production of goods and services, such as raw materials, labor, and machinery.
- Analyze production technologies using inputs of capital and labor.
Verified Answer
SD
Shwetanjli DahiyaJun 15, 2024
Final Answer :
D
Explanation :
Technology D requires the highest units of capital (12 units) compared to the other technologies, making it the most capital intensive.
Learning Objectives
- Analyze production technologies using inputs of capital and labor.