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.

Question

Quizplus · Accepted Answer

Technological improvement can hide the presence of diminishing returns as it allows for more output to be produced with the same combination of inputs, resulting in a shift in the total product curve. Therefore, all of the given statements are true.

Technological Improvement