Suppose That Productivity-Enhancing Technological Progress Affected More the Production of Chairs

question 34

Multiple Choice

Suppose that productivity-enhancing technological progress affected more the production of chairs than the production of tables.This can be depicted using a production possibilities frontier in which

• A) only the chair axis intercept increases.
• B) only the table axis intercept decreases.
• C) both intercepts increase; however, the chair intercept increases by more.
• D) both intercepts increase; however, the chair intercept increases by less.

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