Technological change
A) usually requires an investment in a new plant.
B) is implemented in the short run.
C) almost always increases the costs of production.
D) almost always increases the variable costs of production.
E) cannot help a firm to earn an economic profit in either the short run or the long run.

Question

Quizplus · Accepted Answer

Technological change often requires an investment in new capital, such as machinery or equipment, which involves building new plants or modifying existing ones.

Technological Change