Figure 12.1
-The movement from E to B to D in Figure 12.1 illustrates

Name: Figure 12.1 -The movement from E to B to D in Figure 12.1 illustrates
Brand: Quizplus
Rating: 4.8 (63 reviews)

Question

Figure 12.1 
-The movement from E to B to D in Figure 12.1 illustrates

Quizplus · Accepted Answer

An improvement in technology allows more output to be produced with the same inputs. In Figure 12.1, the movement from E to B to D represents an increase in output from 100 to 120 to 140 units, while the inputs (capital and labor) remain constant. This suggests that an improvement in technology has occurred.

Figure 12.1 -The Movement from E to B to D in Figure