Figure 13-1
Suppose the production function shifts from TP1 to TP2.
-Refer to Figure 13-1.In this diagram,the shift in the total product curve represents an increase in the firm's

Question

Figure 13-1
Suppose the production function shifts from TP1 to TP2. 
-Refer to Figure 13-1.In this diagram,the shift in the total product curve represents an increase in the firm's

Quizplus · Accepted Answer

The shift in the total product curve indicates an increase in productivity, meaning the firm is able to produce more output with the same inputs, resulting in a higher total product. Therefore, the correct choice is B.

Figure 13-1 Suppose the Production Function Shifts from TP1 to TP2