An Increase in Total Factor Productivity Shifts the Production Function

question 26

Multiple Choice

An increase in total factor productivity shifts the production function

• A) upward and reduces the marginal product of labour.
• B) upwards and increases the marginal product of labour.
• C) downward and reduces the marginal product of labour.
• D) downward and increases the marginal product of labour.
• E) downward and also reduces its slope.

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Definitions:

Amygdala

The amygdala is a region of the brain involved in processing emotions such as fear, anxiety, and aggression, playing a significant role in emotional learning and memory.

Sensory Input

Information that is perceived by the senses and transmitted to the brain.

Sensory Input

The information perceived through the senses, such as sight, sound, touch, taste, and smell, which is then processed by the brain.

Thalamus

A structure in the middle of the brain that acts as a relay station, transmitting information between different areas of the brain, particularly those involved in processing sensory information.