introduces new techniques or methods so that firms can produce more output per unit of input. O a) An institution O b) A technological advancement Human capital O d) Physical capital O e) A factor of production

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section7.A: Appendix: A Closer Look At Production And Cost
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introduces new techniques or methods so that firms can produce more
output per unit of input.
O a) An institution
b) A technological advancement
c) Human capital
d) Physical capital
O e) A factor of production
Transcribed Image Text:introduces new techniques or methods so that firms can produce more output per unit of input. O a) An institution b) A technological advancement c) Human capital d) Physical capital O e) A factor of production
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