kymberlyasher
13.07.2019 •
Business
How do increases in technology affect the aggregate production function? a. as technology increases, diminishing marginal product sets in such that each unit of technology produces less output. b. with better technology, the aggregate production function shifts down because fewer workers are needed. c. with increases in technology, the aggregate production function shifts up, indicating more output is produced from the same amount of inputs. d. even with technology increases, the aggregate production function will remain constant unless the technology increases are matched by increases in the physical capital stock?
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Ответ:
Answer : C: with increases in technology, the aggregate production function shifts up, indicating more output is produced from the same amount of inputs.
Reason: With increase in technology, the same process which requires manpower can be automated and this automation increases the production efficiency which shifts up the production function from the same number of inputs
Ответ:
C
Explanation: