Suppose that an Intel worker rearranges existing machines and labor and increases the quantity of chips Intel can produce.Using the productivity curve graphed,this innovation would be described as

Question

Quizplus · Accepted Answer

The described innovation would result in an increase in productivity, meaning that Intel can produce more units with the same amount of resources. This would lead to a shift of the productivity curve upward, as the same amount of inputs would now result in a higher output.

Suppose That an Intel Worker Rearranges Existing Machines and Labor