Answer to Question #150536 in Microeconomics for Prthika

Question

What could bring about a technological improvement in your production function and those of your fellow students?

Answer 1

A technological improvement in my production function and those of my fellow students could result from the adoption of any new and more effective method for studying. For instance, the introduction of the internet probably improved the productivity of studying. Students save a lot of the time that would otherwise have been spent on research by using search engines like Google.