Process innovation leads to technological advance because it
A)decreases total product.
B)increases average total costs.
C)decreases productive efficiency.
D)increases productive efficiency.

Question

Quizplus · Accepted Answer

Process innovation typically increases productive efficiency by allowing more output to be produced from the same amount of inputs, or by enabling the production of the same level of output using fewer inputs. This is a key aspect of technological advancement.

Process Innovation Leads to Technological Advance Because It