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Change to marginal & average productivity: technological innovation, impact to costs
1. Explain What would be expected to happen to marginal and average productivity if a technological innovation that improves productivity is introduced to the production process?
2. How might diminishing marginal productivity be expected to impact the costs of production in your organization -- If not certain, choose another organization with which familiar (The concept applies to services as well as tangible products)?
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Check two sources of resistance to change in the Ajax Minerals exercise and explain how the organization dealt with each type of resistance.
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