Question
An increase in total factor productivity shifts the production function will select the option below: a...
An increase in total factor productivity shifts the production function will
select the option below:
| a |
downward and increases the marginal product of labour for a given level of labour input. |
| b |
upward and decreases the marginal product of labour for a given level of labour input. |
| c |
downward and decreases the marginal product of labour for a given level of labour input. |
| d |
upward and increases the marginal product of labour for a given level of labour input. |
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Answer #1
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