Assume that a country's production function changes from to . Which of the following could explain the change in this production function?
A) the disappearance of diminishing returns from the production function
B) the arrival of robotic technology in production
C) greater capital accumulation
D) less depreciation due to better capital stock maintenance.

Question

Assume that a country's production function changes from to . Which of the following could explain the   change in this production function?
A) the disappearance of diminishing returns from the production function 
B) the arrival of robotic technology in production 
C) greater capital accumulation 
D) less depreciation due to better capital stock maintenance.

Quizplus · Accepted Answer

The Answer of Assume that a country's production function changes from to . Which of the following could explain the   change in this production function?
A) the disappearance of diminishing returns from the production function 
B) the arrival of robotic technology in production 
C) greater capital accumulation 
D) less depreciation due to better capital stock maintenance.

Assume That a Country's Production Function Changes from to