Figure 13-1 -Refer to Figure 13-1. Suppose the Production Function Shifts from Function

question 8

Multiple Choice

Figure 13-1
-Refer to Figure 13-1. Suppose the production function shifts from TP1 to TP2. Such a shift in the total product curve is most likely due to an increase in the firm's

• A) costs of production.
• B) productivity.
• C) product price.
• D) market share.