A technological change that increases productivity shifts a firm's total product curve and marginal product curve upward.

Question

Quizplus · Accepted Answer

An increase in productivity due to technological change allows a firm to produce more output with the same amount of inputs, which shifts both the total product curve and the marginal product curve upward, indicating higher levels of production for given levels of input.

A Technological Change That Increases Productivity Shifts a Firm's Total