The production function can shift upward because of:
A) higher depreciation.
B) an increase in investment.
C) better ideas.
D) an increase in capital stock.

Name: The production function can shift upward because of: A) higher depreciation. B) an increase in investment. C) better ideas. D) an increase in capital stock.
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Question

Quizplus · Accepted Answer

Better ideas, such as technological advancements or innovations, can improve the efficiency of production, leading to an upward shift in the production function.

The Production Function Can Shift Upward Because Of