All Else Constant,an Improvement in Technology Would Cause a Firm's

question 31

True/False

All else constant,an improvement in technology would cause a firm's total,average and marginal product functions to increase (graphically,shift up).

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Definitions:

Frequency Polygon

A graphical representation of the distribution of numerical data. It is usually a line that connects points representing the frequencies of various categories or intervals of data.

Class Intervals

Ranges of values into which data points are grouped for frequency distribution analysis.

Histogram

A type of bar chart used in statistics to represent the distribution of data by showing the number of data points that fall within a range of values.

Normally Distributed Curves

Graphical representations of a normal distribution, showing how data points are symmetrically distributed around the mean.