Neutral technical progress allows a firm to Ause less capita

Neutral technical progress allows a firm to

A.use less capital to produce more output.

B.produce more output with the same inputs.

C.produce the same amount of output with the same inputs.

D.use less labor to produce more output.

Solution

Ans is B

Neutral technological progress means neither labor saving nor capital saving.

Innovation or technological progress means more output with same inputs or same output with less inputs.