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25 May, 13:19

Suppose workers attend several skill-building workshops, increasing their labor productivity. how is this represented by a production possibilities frontier?

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  1. 25 May, 14:22
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    The increase in labour productivity either by the use of new technology or new techniques can be plotted up for a given product and compared with the old productivity without the increase to build up a production possibilies frontier curve to show how production increases accordingly and if possible, project it into the future somewhat.
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