Which of the following is an example of positive technological change? Positive technological change occurs when

A. a firm's workers go through a training program.

B. a firm's managers rearrange the layout of a retail store to decrease sales.

C. a firm becomes more profitable by increasing revenue.

D. a firm is able to hire cheaper labor.

E. a firm uses inputs to produce output.

Question

Business

Aden Moore

9 January, 07:21

Which of the following is an example of positive technological change? Positive technological change occurs when

A. a firm's workers go through a training program.

B. a firm's managers rearrange the layout of a retail store to decrease sales.

C. a firm becomes more profitable by increasing revenue.

D. a firm is able to hire cheaper labor.

E. a firm uses inputs to produce output.

+5

Answers (1)

Know the Answer?

Dominique Howard · Answer 1

The correct answer is C

Explanation:

Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.

The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.