Technological changes that increase productivity shift the
A)Production function downward.
B)Average total cost curve downward.
C)Marginal cost curve upward.
D)Marginal physical product curve downward.

Question

Quizplus · Accepted Answer

Technological changes that increase productivity typically lead to lower average total costs, as the same level of output can be produced with fewer inputs (such as labor or materials). This shift in the cost curve is represented by a downward shift in the average total cost curve.

Technological Changes That Increase Productivity Shift the