Product Curve Economics Microeconomics

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Subjects -> Economics -> Microeconomics -> Posting #19320

Economics, Microeconomics

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Product Curve

66. Suppose that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor. A new total product curve would have to be drawn:
A) above the old with a steeper slope for any level of employment greater than zero.
B) above the old with a flatter slope for any level of employment greater than zero.
C) below the old with a steeper slope for any level of employment greater than zero.
D) below the old with a flatter slope for any level of employment greater than zero.
E) directly over the old curve signifying no change in the total product graph; only
the marginal product graph would change.

By OTA: Jiong Tu, PhD (IP)

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