close search
Hit Return to see all results

Suppose a huge scientific breakthrough doubles the output that an additional houra huge scientific breakthrough doubles the output that an additional hourof U.S. labor can produceof U.S. labor can produce. As a​ result, there is​ ______ in the U.S. production function. upward shiftan upward shift shiftno shift C.a downward shifta downward shiftThere is​ ______ in the U.S. demand for labor and​ ______ in the U.S. supply of labor.  A.a decreasea decrease​; a decreasea decrease increasean increase​; a decreasea decrease changeno change​; an increasean increase increasean increase​; no changeno change

a huge scientific breakthrough doubles the output that an additional houra huge scientific breakthrough doubles the output that an additional hour
of U.S. labor can produceof U.S. labor can produce.
As a result, there is ______ in the U.S. production function.
an upward shiftan upward shift
no shiftno shift
a downward shifta downward shift
There is ______ in the U.S. demand for labor and ______ in the U.S. supply of labor.
a decreasea decrease;
a decreasea decrease
an increasean increase;
a decreasea decrease
no changeno change;
an increasean increase
an increasean increase;
no changeno change
Step 1

Production function:

Production function depicts the relationship between the total output produced and the given inputs like capital, labor and other factors which are involved in the production process.

Step 2

Option A, upward shift.

There is an upward shift in the U.S. production function because as the production increased labor hour also increase.


Option C, No Change and increase.

There is “no change “in the U.S. demand for labor and “increas...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Our solutions are written by experts, many with advanced degrees, and available 24/7

See Solution
Tagged in



Labor economics

Related Economics Q&A

Find answers to questions asked by student like you

Show more Q&A add

Q: Suppose that C is the price of a European call option to purchase a security whose present price is ...

A: A call option is a type of agreement in which the option buyer has the right, but not the obligation...


Q: Transmission and Amplification Mechanisms- Ask FRED ALFRED ty Percent of Value of Loans Secured by C...

A: a.Transmission and amplification mechanisms:From the given graph, the approximate average percent of...


Q: What is an isoprofit line? What is a factor demand curve?

A: The iso-profit line indicates the same amount of profit that produces by different combinations. In ...


Q: Can you compare and contrast the main points of the great recession and the great depression?

A: The great recession is situation of lower economic activity or a movement from the highest peak of t...


Q: When a country's currency appreciates, the prices of its exports in terms of foreign currency will _...

A: Money: Money can be anything which is accepted by the people as a medium of exchange or in repayment...


Q: Suppose the demand function for widgets is Q(p) = 60 – p, and all firms that produce widgets have to...

A: The given information: 


Q: How long would it take for the price level to double if inflation persisted at the following percent...

A: a.)Years to double:If the inflation rate is 17.5 percent per year, the years to double the price lev...


Q: what are the common features and peculiarities of " State regulation of “internal” and “external” se...

A: STEP 1The external sector is that portion of a nation economy that interacts with other nations’ eco...


Q: Suppose that a worker in Caninia can produce either 2 blankets or 8 meals per day, and a worker in F...

A: To understand the decline in output, let us understand the backdrop of the situation before the war....

Sorry about that. What wasn’t helpful?