An Increase in Total Factor Productivity Shifts the Production Function

question 54

Multiple Choice

An increase in total factor productivity shifts the production function

• A) upward, but does not change its slope.
• B) upward, and also changes its slope.
• C) downward, but does not change its slope.
• D) downward, and also changes its slope.
• E) upward, but reduces the marginal product of labour.

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