Solved

An Increase in Total Factor Productivity Shifts the Production Function

Question 86

Multiple Choice

An increase in total factor productivity shifts the production function


A) upward and increases the marginal product of labor.
B) upward and decreases the marginal product of labor.
C) downward and increases the marginal product of labor.
D) downward and decreases the marginal product of labor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions