Increases in Both Labor and Capital Productivity Will Result In

question 43

Multiple Choice

Increases in both labor and capital productivity will result in:

• A)downward shift of the average and marginal product curves and upward shift of the average cost curves.
• B)downward shift of the average and marginal product curves and downward shift of the average cost curves.
• C)upward shift of the average and marginal product curves and downward shift of the average cost curves.
• D)upward shift of the average and marginal product curves and upward shift of the average cost curves.

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