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Suppose that because of a technological breakthrough a firm that uses a single input (labor) to produce its output is able to quadruple its production

Suppose that because of a technological breakthrough a firm that uses a single input (labor) to produce its output is able to quadruple its production for any given amount of labor. a. What happens to the firm's average product of labor? multiple choice 1

  • It goes to zero.
  • It quadruples.
  • It does not change.
  • It triples.
  • It doubles.

b. What happens to the firm's marginal product of labor? multiple choice 2

  • It triples.
  • It quadruples.
  • It does not change.
  • It doubles.
  • It goes to zero.

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