Suppose That You Have Drawn a Total Product Curve for Labor

question 60

Multiple Choice

Suppose that you have drawn a total product curve for labor given a specific technology.Now let some sort of technological change increase the productivity of labor.A new total product curve would have to be drawn:

• A)above the old with a steeper slope for any level of employment greater than zero.
• B)above the old with a flatter slope for any level of employment greater than zero.
• C)below the old with a steeper slope for any level of employment greater than zero.
• D)below the old with a flatter slope for any level of employment greater than zero.
• E)directly over the old curve signifying no change in the total product graph; only the marginal product graph would change.

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Definitions:

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