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 =
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.
Correct Answer:

Verified
Correct Answer:
Verified
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