Which of the following would tend to shift the production function upward?
A)an increase in the number of hours worked
B)an increase in population
C)an increase in the size of the labor force
D)an increase in the level of technology

Question

Which of the following would tend to shift the production function upward?
A)an increase in the number of hours worked 
B)an increase in population 
C)an increase in the size of the labor force 
D)an increase in the level of technology

Quizplus · Accepted Answer

An increase in the level of technology is likely to shift the production function upward by increasing the productivity of labor and capital, leading to a higher level of output per unit of input. Increases in the number of hours worked or population may increase output in the short run, but they are not likely to lead to sustainable long-term growth. Similarly, an increase in the size of the labor force may boost output initially, but it may also lead to diminishing returns if other factors of production, such as capital and technology, do not grow at the same rate.

Which of the Following Would Tend to Shift the Production