Shift of the production function

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Reference no: EM131377295

a) Classify each of the following as a movement along or a shift of the production function and provide a justification for your choice.

(i) Grace Kennedy invests $125 million in a new manufacturing plant.

(ii) A new highway linking two major towns is constructed.

(iii) A new fertilizer formula improves crop yields.

(iv) An earthquake.

(v) Illegal drug traffickers start to bribe judges and corrupt the justice system.

Reference no: EM131377295

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