Question: Question 13 1 pts Consider the production function relating output and labor. What would the effect of an increase in technology be on the production

 Question 13 1 pts Consider the production function relating output and

Question 13 1 pts Consider the production function relating output and labor. What would the effect of an increase in technology be on the production function? O a. It would shift the production function down because less output would be produced at all levels of labor. O b. It would shift the production function down because more output would be produced at all levels of labor. O c. It would shift the production function up because the labor supply would increase. O d. It would shift the production function up because more output would be produced at all levels of labor. O e. It would shift the production function up because less output would be produced at all levels of labor

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