An increase in the capital stock would tend to shift the production function upward while an increase in technology would tend to shift it downward.

Name: An increase in the capital stock would tend to shift the production function upward while an increase in technology would tend to shift it downward.
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Question

Quizplus · Accepted Answer

An increase in the capital stock and an increase in technology both tend to shift the production function upward, indicating higher output for given inputs.

An Increase in the Capital Stock Would Tend to Shift