In a Competitive Industry,output Is Produced with Skilled and Unskilled

In a competitive industry,output is produced with skilled and unskilled labor.Factor-biased technical change that increases the productivity of skilled labor,will,at a given ratio of skilled to unskilled labor,shift any given isoproduct curve ________ the origin and ________ the absolute slope of the isoproduct curve (when the number of skilled workers is measured along the horizontal axis) .Pick the best pair of answers.

A) towards; increase
B) towards; decrease
C) away from; increase
D) away from; decrease

Correct Answer:

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