What is technology? technology is
a. the rate of economic depreciation.
b. the processes a firm uses to turn inputs into outputs of goods and services.
c. the highest-valued alternative that must be given up to engage in an activity.
d. the additional output a firm produces as a result of hiring one more input.
e. a change in the ability of the firm to produce a given level of output with a given quantity of inputs.

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.