Technological progress refers to a shift of the isoquants toward the origin all of the above an increase in Marginal Product of Labor and Marginal Product of capital the reduction in Labor and capital to produce any level of output

Technological progress refers to a shift of the isoquants toward the origin all of the above an increase in Marginal Product of Labor and Marginal Product of capital the reduction in Labor and capital to produce any level of output Technological progress refers to a shift of the isoquants toward the origin all of the above an increase in Marginal Product of Labor and Marginal Product of capital the reduction in Labor and capital to produce any level of output