Scenario 25-1.An economy's production form takes the form Y = AF(L,K,H,N).
-Refer to Scenario 25-1.In the production function,which of the following represents technology?
A)A
B)K
C)H
D)N

Question

Quizplus · Accepted Answer

In the production function Y = AF(L,K,H,N), A represents technology as it is a measure of total factor productivity which captures the technological advancements and efficiency in utilizing the factors of production L, K, H, and N.