A firm that prepares and mails customer notices on behalf of banks has recently shifted from manually addressing letters to using a computer program that automatically inserts customer addresses and prepares letters. Thus, the production time for each letter has decreased from four minutes to just 30 seconds. This scenario is an example of:
A) the effects of an investment tax credit.
B) a rise in productivity causing an improvement in technology.
C) an improvement in technology leading to a rise in productivity.
D) a labor-intensive production method.
Correct Answer:
Verified
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