A firm has successfully adopted a positive technological change when
A) it can produce more output using the same inputs.
B) it produces less pollution in its production process.
C) can pay its workers less yet increase its output.
D) it sees an increase in worker productivity.

Question

Quizplus · Accepted Answer

The adoption of positive technological change allows a firm to produce more output using the same inputs. This signifies an increase in efficiency and productivity, which can lead to higher profits and competitiveness in the market. The other choices do not necessarily indicate the successful adoption of positive technological change; producing less pollution may be a regulatory requirement or a corporate social responsibility initiative, while paying workers less may result in lower morale and job satisfaction. An increase in worker productivity may be due to various factors besides technological change, such as training, incentives, or changes in management practices.

A Firm Has Successfully Adopted a Positive Technological Change When