A Technological Improvement That Causes an Increase in the Marginal

question 139

Multiple Choice

A technological improvement that causes an increase in the marginal product of a resource will

• A)decrease the demand for the resource.
• B)increase the demand for the resource.
• C)decrease the marginal revenue product.
• D)increase the marginal resource cost.

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Definitions:

Assembly Drawing

A detailed diagram that shows the parts of an object and how they fit together to form the final product.

Engineering Drawing

A drawing that shows the dimensions, tolerances, materials, and finishes of a component.

Tolerances

The permissible limits of variation in a physical dimension, material property, or manufacturing process, crucial for ensuring parts fit and function together as intended.

Engineering Drawing

A precise and detailed technical drawing or blueprint used to fully and clearly define requirements for engineered items.