In the production function Y= A F(L,K,H,N),which symbol reflects the state of technology?
A)A
B)K
C)H
D)N

Question

Quizplus · Accepted Answer

Symbol A in the production function reflects the state of technology, as it represents the level of productivity that can be achieved with a given combination of inputs. A higher value of A indicates more advanced technology, while a lower value indicates less advanced technology. Therefore, A is the best choice reflecting the state of technology.

In the Production Function Y= a F(L,K,H,N),which Symbol Reflects the State