Posted: May 6th, 2016

What would be expected to happen to marginal and average productivity if a technological innovation that improves productivity is introduced to the production process?

1. What would be expected to happen to marginal and average productivity if a technological innovation that improves productivity is introduced to the production process?

2. How might diminishing marginal productivity be expected to impact the costs of production in your organization ** If not certain, choose another organization with which familiar (The concept applies to services as well as tangible products)?