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In a Production Function That Is Graphed with Output on the Y-

Question 58

Multiple Choice

In a production function that is graphed with output on the y- axis and labor on the x- axis, an increase in the capital stock is illustrated as:


A) an upward shift in the production function.
B) a downward movement along the production function.
C) an upward movement along the production function.
D) a downward shift in the production function.

Correct Answer:

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