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    Microeconomics Study Set 45
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    Exam 15: Technology, RD, and Efficiency
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    Refer to the Diagram
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Refer to the Diagram

Question 273

Question 273

Multiple Choice

  Refer to the diagram. Process innovation will tend to A) shift ATC<sub>1</sub> to ATC<sub>2</sub>.	 B) shift ATC<sub>2</sub> to ATC<sub>1</sub>. C) change output from <sub>Q</sub>1 to Q<sub>2</sub>. D) change output from <sub>Q</sub>2 to Q<sub>1</sub>. Refer to the diagram. Process innovation will tend to


A) shift ATC1 to ATC2.
B) shift ATC2 to ATC1.
C) change output from Q1 to Q2.
D) change output from Q2 to Q1.

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