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.

---

Definitions:

Agricultural Inventions

Innovations and developments in the field of agriculture that improve efficiency, yield, or sustainability in food production.

Farmers

Individuals or entities engaged in the activity of agriculture, raising living organisms for food or raw materials.

Liberal Land Policy

A policy approach that aims to make land more accessible to the population, often by reducing restrictions and lowering costs.

New Technology

The latest inventions, innovations, or advancements in technology that impact various aspects of society, industry, and the economy.