Figure 6.2.2 -Refer to Figure 6.2.2 Above. This Figure Shows the Impact

question 65

Multiple Choice

Figure 6.2.2
-Refer to Figure 6.2.2 above. This figure shows the impact of technological improvements and conveys the idea that:

• A) productivity increases with technology, but just as labor is subject to diminishing returns, so is technology.
• B) technology causes an increase in the output per time period, but as the production functions show, the contributions of technology are also subject to diminishing marginal returns.
• C) even though any given production process exhibits diminishing returns, labor productivity increases with technological improvements.
• D) without an increase in the productivity of labor, the contributions of technology are insufficient to avoid diminishing returns as the production function shifts upward.

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