With a technological change that increases productivity, the average product curve ________ and the marginal product curve ________.
A) shifts upward; is unchanged
B) is unchanged; is unchanged
C) is unchanged; shifts upward
D) shifts upward; shifts upward
Correct Answer:
Verified
Q123: Diminishing marginal returns occurs when
A) all inputs
Q124: When the marginal product equals the average
Q125: Which of the following statements is TRUE?
A)
Q126: If a firm's marginal product of labor
Q127: Which of the following statements is TRUE?
A)
Q129: Which of the following statements is TRUE
Q130: Which of the following statements is TRUE?
A)
Q131: The marginal product and average product curves
A)
Q132: When the marginal product curve is downward
Q133: When the average product of labor is
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