Question

Neutral technical progress allows a firm to A. produce the same amount of output with the same inputs. B. produce more output with the same inputs. C. use less labor to produce more output. D. use less capital to produce more output.

Answer 1

B) produce more output with the same inputs.

Step-by-step explanation:

Hicks-neutral technical is a theory by

John Hicks and can be explained as a change in the function of the production of a particular business with respect to the neatral condition of economic system at that period. It should be noted that Neutral technical progress allows a firm to produce more output with the same inputs.