Assume that you have drawn a total product

Reference no: EM1336582

Product Curve

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.

Reference no: EM1336582

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