Better ideas cause the:
A) depreciation function to shift downward.
B) production function to shift downward.
C) production function to shift upward.
D) investment curve to shift downward.

Question

Quizplus · Accepted Answer

Better ideas lead to improvements in technology, which allow for more efficient production methods and increased output from given inputs. This causes the production function to shift upward, as the same inputs can produce more output.

Better Ideas Cause The