If a firm adopts a technology that can increase production without increasing labor or other resource inputs, then A there is movement along the production possibilities curve. B its production possibilities curve shifts inward. C its production possibilities curve remains unchanged. D it will reach a point that is previously unattainable.
If a firm adopts a technology that can increase production without increasing labor or other resource inputs, then A there is movement along the production possibilities curve. B its production possibilities curve shifts inward. C its production possibilities curve remains unchanged. D it will reach a point that is previously unattainable.
Chapter1: Making Economics Decisions
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![If a firm adopts a technology that can increase production without increasing labor or other resource inputs, then
A
there is movement along the production possibilities curve.
B
its production possibilities curve shifts inward.
C
its production possibilities curve remains unchanged.
D
it will reach a point that is previously unattainable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68cb987a-d69c-40b6-9006-65ad8fb32c45%2F485c04ad-005c-41cf-afbf-c38fcdecd588%2Fcgfdei_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a firm adopts a technology that can increase production without increasing labor or other resource inputs, then
A
there is movement along the production possibilities curve.
B
its production possibilities curve shifts inward.
C
its production possibilities curve remains unchanged.
D
it will reach a point that is previously unattainable.
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