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Suppose Over Time That a Firm's Production Process Undergoes Capital-Saving

Question 60

Multiple Choice

Suppose over time that a firm's production process undergoes capital-saving technological progress.This implies


A) the isoquants corresponding to any particular level of output will shift outward from the origin and the Suppose over time that a firm's production process undergoes capital-saving technological progress.This implies A) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will increase. B) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will decrease. C) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will increase. D) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will decrease. along any ray from the origin will increase.
B) the isoquants corresponding to any particular level of output will shift outward from the origin and the Suppose over time that a firm's production process undergoes capital-saving technological progress.This implies A) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will increase. B) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will decrease. C) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will increase. D) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will decrease. along any ray from the origin will decrease.
C) the isoquants corresponding to any particular level of output will shift inward toward the origin and the Suppose over time that a firm's production process undergoes capital-saving technological progress.This implies A) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will increase. B) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will decrease. C) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will increase. D) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will decrease. along any ray from the origin will increase.
D) the isoquants corresponding to any particular level of output will shift inward toward the origin and the Suppose over time that a firm's production process undergoes capital-saving technological progress.This implies A) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will increase. B) the isoquants corresponding to any particular level of output will shift outward from the origin and the along any ray from the origin will decrease. C) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will increase. D) the isoquants corresponding to any particular level of output will shift inward toward the origin and the along any ray from the origin will decrease. along any ray from the origin will decrease.

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