A productivity increase is illustrated by a shift in the production function
A)downward.
B)leftward.
C)upward.
D)rightward.

Name: A productivity increase is illustrated by a shift in the production function A)downward. B)leftward. C)upward. D)rightward.
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Question

Quizplus · Accepted Answer

An increase in productivity means that for the same amount of inputs, more output can be produced. This is illustrated by an upward shift in the production function, indicating higher output levels across all input levels.

A Productivity Increase Is Illustrated by a Shift in the Production