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omeli [17]
3 years ago
13

An example of technological change is A. being able to produce the same output using fewer inputs. B. being able to produce more

output using the same inputs. C. a decline in the quantity of output that can be produced from a given quantity of inputs. D. both a and b. E. all of the above.
Business
1 answer:
Troyanec [42]3 years ago
8 0

Answer:

The correct answer is option E.

Explanation:

Technological change implies a change in the level of technology. It can be both positive as well as negative. Positive technological change is called improvement or up-gradation in technology.  

Technological improvement will help to produce the same level of output using fewer inputs or to produce more output using the same inputs.

A negative change in technology is called degradation in technology. It will cause a decline in the quantity of output that can be produced from a given quantity of inputs.

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