An Increase in Total Factor Productivity

question 47

Multiple Choice

An increase in total factor productivity

• A)changes neither the slope nor the position of the production function.
• B)changes both the slope and the position of the production function.
• C)changes the position but not the slope of the production function.
• D)keeps the marginal product of labour constant.
• E)changes the slope but not the position of the production function.

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