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.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section: Chapter Questions

Problem 23AA

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