An Increase in the Productivity of a Factor of Production

question 44

Multiple Choice

An increase in the productivity of a factor of production will

• A) shift its marginal revenue product curve to the right.
• B) shift its marginal revenue product curve to the left.
• C) cause a firm to move down the marginal revenue product curve.
• D) cause a firm to move up the marginal revenue product curve.

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Definitions:

Open Communication

A communication approach that encourages transparency, sharing, and free exchange of information among individuals or groups.

Clear Expectations

Explicitly understood and communicated goals, objectives, or standards within a professional setting.

Political Behavior

Actions and maneuvers individuals or groups engage in within an organization to gain power, influence decisions, or achieve personal goals.

Autocratic Decision

A decision-making process where the leader makes decisions unilaterally without consulting others, often associated with a top-down approach.