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Which of the following would constitute a technological improvement?(1 point)
an employee learning new job skills to increase her work performance
the purchase of additional capital that increases the total possible output of a firm
a firm reducing its prices to make itself more competitive in the market.
the discovery of a way to improve software speed that increases employee productivity
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The discovery of a way to improve software speed that increases employee productivity.
Reason: a technological improvement is a new method or invention that raises productivity. The other choices are human-capital investment (learning), more capital (investment), and a pricing strategy, not a technological advance.
Reason: a technological improvement is a new method or invention that raises productivity. The other choices are human-capital investment (learning), more capital (investment), and a pricing strategy, not a technological advance.
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