Figure 7.3.5
-Refer to Figure 7.3.5. A technological change that allows for the same amount of output to be produced using less inputs is illustrated by a move from:
A) A to B.
B) B to A.
C) the outward shift of the isoquant.
D) the outward shift of the isocost line.

Question

Figure 7.3.5
-Refer to Figure 7.3.5. A technological change that allows for the same amount of output to be produced using less inputs is illustrated by a move from:
A) A to B. 
B) B to A. 
C) the outward shift of the isoquant. 
D) the outward shift of the isocost line.

Quizplus · Accepted Answer

The Answer of  Figure 7.3.5
-Refer to Figure 7.3.5. A technological change that allows for the same amount of output to be produced using less inputs is illustrated by a move from:
A) A to B. 
B) B to A. 
C) the outward shift of the isoquant. 
D) the outward shift of the isocost line.

Figure 7.3.5 -Refer to Figure 7.3.5. a Technological Change That Allows for Allows