Better ideas or technological knowledge causes:
A) the production function to shift upward.
B) the production function to shift downward.
C) the investment function to shift downward.
D) the depreciation function to shift downward.

Question

Quizplus · Accepted Answer

Better ideas or technological knowledge causes an increase in productivity, which shifts the production function upward. This allows more output to be produced with the same inputs, increasing efficiency and potential profitability.

Better Ideas or Technological Knowledge Causes