When a Firm Experiences a Positive Technological Change

question 255

Multiple Choice

When a firm experiences a positive technological change

• A)the price of a share of the firm's stock rises.
• B)the firm is able to produce more output using the same inputs, or the same output using fewer inputs.
• C)the value of the firm's assets rises.
• D)the firm will hire additional workers in order to increase production.

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