Was this technological progress neutral

Assignment Help Econometrics

Reference no: EM131323754

Until the mid-eighteenth century when spinning became mechanized, cotton was an expensive and relatively unimportant textile (Virginia Postrel, "What Separates Rich Nations from Poor Nations?" New York Times, January 1, 2004). Where it used to take an Indian hand-spinner 50,000 hours to handspin 100 pounds of cotton, an operator of a 1760sera hand-operated cotton mule-spinning machine could produce 100 pounds of stronger thread in 300 hours. When the self-acting mule spinner automated the process after 1825, the time dropped to 135 hours, and cotton became an inexpensive, common cloth. Was this technological progress neutral? In a figure, show how these technological changes affected isoquants.

Reference no: EM131323754

Questions Cloud

What can you say about the marginal productivity of capital : If the amount of labor to operate the catapult did not vary substantially with the projectile's size, what can you say about the marginal productivity of capital and returns to scale?

Evaluate published nursing research for credibility : The student will read research literature to determine the research purpose, question, design, population, sample, limitations, data collection and analysis.Apply research principles to the interpretation of the content of published research studie..

Potassium sulfate is commonly used in fertilizers : Potassium sulfate is commonly used in fertilizers. An agricultural researcher in alaboratory measures and weighs a 150.0-g sample of potassium sulfate for herexperiment. The solid sample is dissolved in enough water to make an 800.0 mLsolution.

Prepare a corporate tax return for 2015 : ACC 404 Corporate Tax Return Project - prepare a corporate tax return for 2015. You can download the tax forms from the IRS website (www.irs.gov). In addition to the basic Form 1120 (all 5 pages), you will need to complete Schedules D and G, and Fo..

Was this technological progress neutral : Was this technological progress neutral? In a figure, show how these technological changes affected isoquants.

Environmental issues that have zero risk : 1. The general public often expects solutions to our environmental issues that have zero risk. Explain in less than 200 words whether this is possible, supporting your answer with a thoughtful discussion of what risk is and how to calculate risk.

Research paper about any topics in thermodynamics : I need research paper of 3 pages about any topics in Thermodynamics. Benedictine Orphanage and a new medical building in Tanzania are in need of power supply. Please design a system which provides power economically and with minimum maintenance

Which scenarios or situations seem the most relevant to you : What about the student's vision of how writing is important seems useful or interesting? Which scenarios or situations seem the most relevant to you? Which modality is the most important to master?

Potassium and sodium chloride are similar in charge : Potassium and sodium chloride are similar in charge and they both have the same anion. When comparing sodium chloride (36 g / 100 mL at 0 oC) and potassium chloride, which has a higher solubility at 0 oC?

User Account

All Pages