When a Production Function Is Graphed with Real GDP on the Vertical

question 21

Multiple Choice

When a production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,a rise in labor ________________________,and a rise in the technology coefficient __________________.

• A) shifts the production function upward; also shifts the production function upward
• B) moves us up along a given production function; shifts the production function upward
• C) shifts the production function downward; shifts the production function upward
• D) shifts the production function upward; moves us up along a given production function

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Definitions:

Manufacturing Processes

The methods and procedures used in the transformation of raw materials into finished goods or products.

Computers

Electronic devices capable of executing programmed instructions to perform a wide range of tasks from simple calculations to complex computing.

Malware

Software intentionally designed to cause damage to a computer, server, client, or computer network.

Mobile Device's

Portable electronic devices such as smartphones and tablets that have computing capabilities.