New farming techniques now use unmanned aerial vehicles (UAVs) to create precise maps of farms and ensure optimal application of fertilizers and watering of crops. This allows farmers to ensure their crops are healthy and increases crop yield. This scenario illustrates:
A) a technological innovation that shifts the production function up.
B) capital accumulation, which causes a movement to the right along the same production function.
C) an increase in the capital stock, which leads to an upward shift of the production function.
D) a technological innovation that causes a movement to the right along the same production function.
Correct Answer:
Verified
Q93: One of the reasons that ideas can
Q94: The law of diminishing returns means that
Q95: The law of diminishing returns means that:
A)additional
Q96: With the advent of cloud computing, different
Q97: Southeast Asian countries experience high temperatures and
Q99: The moral of the story of the
Q100: Thomas Malthus's predictions about the earth did
Q101: Thomas Malthus believed that:
A)food production would not
Q102: A constant returns to scale production function
Q103: An increasing return to scale production function
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents