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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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