One measure of student output is number of completed math problems produced.Using pen and paper only,a student can complete 50 math problems in 2 hours.Using pen,paper,and a calculator,the same student can complete 100 math problems in 2 hours.(The student is already familiar with,and knows how to use,the calculator. ) This scenario illustrates the use of which factor of production?
A) physical capital
B) human capital
C) technological knowledge
D) both human capital and technological knowledge
Correct Answer:
Verified
Q68: Which is NOT an example of physical
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A) stock of tools,including
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Q71: Human capital is the:
A) stock of tools,including
Q72: Use the following to answer questions
Figure:
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