Find the average and marginal productivity

Reference no: EM1341343

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)?

Reference no: EM1341343

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