Which of the following would cause a firm's production function to shift upward?
A)An increase in production by the firm.
B)Hiring more workers.
C)Increased training for the firm's workers.
D)An increase in factor costs.

Question

Quizplus · Accepted Answer

Increased training for the firm's workers would increase their productivity and efficiency, leading to a shift upward in the firm's production function. Options A and B would increase the firm's output in the short-run but would not shift the production function upward in the long-run. Option D, an increase in factor costs, would shift the production function downward as it would increase the firm's cost of production, leading to a decrease in output.

Which of the Following Would Cause a Firm's Production Function