For given inputs of labor and capital, if technology is better, labor productivity will be
A)higher.
B)lower.
C)unchanged.
D)characterized by increasing returns to scale.

Name: For given inputs of labor and capital, if technology is better, labor productivity will be A)higher. B)lower. C)unchanged. D)characterized by increasing returns to scale.
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Question

Quizplus · Accepted Answer

Better technology allows workers to produce more output with the same amount of labor input. As a result, labor productivity increases.

For Given Inputs of Labor and Capital, If Technology Is