Technological improvement:
A) can hide the presence of diminishing returns.
B) can be shown as a shift in the total product curve.
C) allows more output to be produced with the same combination of inputs.
D) All of the above are true.
Correct Answer:
Verified
Q25: For consideration of such issues as labor's
Q26: Q27: Assume that average product for six workers Q28: Marginal product crosses the horizontal axis (is Q29: The law of diminishing returns assumes that: Q31: The law of diminishing returns applies to: Q32: The Malthusian dilemma relates to marginal product
A)
A)
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