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lover567 lover567
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5 years ago
Graphically, what happens to the production function if a firm uses automation to raise the amount of output per worker? Explain.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 The production function is the relationship between inputs and maximum physical output. If automation raises the productivity of workers, then the production function will rotate upward so that higher output corresponds to a given level of labor input.
lover567 Author
wrote...
5 years ago
You are really a genius. Thanks
wrote...
5 years ago
NP
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