Asked by Blake Archer on Jun 13, 2024
Verified
Refer to Table 7.4. Which technology is the most capital intensive?
A) A
B) B
C) C
D) D
Capital Intensive
Industries or processes that require large amounts of capital investment in heavy machinery or equipment rather than labor.
Alternative Technologies
Refers to various options available for achieving a similar goal, especially in the context of energy sources, manufacturing processes, or digital solutions.
- Comprehend the influence of input cost variations on a firm's decisions regarding production.
- Determine the effects of technological advancements or productivity shifts on manufacturing processes.
Verified Answer
JA
Jennifer Alicia HernandezJun 14, 2024
Final Answer :
D
Explanation :
Technology D is the most capital intensive as it requires the highest units of capital (24 units) to produce the product.
Learning Objectives
- Comprehend the influence of input cost variations on a firm's decisions regarding production.
- Determine the effects of technological advancements or productivity shifts on manufacturing processes.