An economy is employing 2 units of capital,5 units of raw materials,and 8 units of labour to produce its total output of 640 units.Each unit of capital costs $10,each unit of raw materials,$4,and each unit of labour,$3.
-Refer to the above information.As a result of the change indicated in the previous question,the aggregate:
A) supply curve would shift to the left.
B) supply curve would shift to the right.
C) demand curve would shift to the left.
D) demand curve would shift to the right.
Correct Answer:
Verified
Q56: Productivity measures
A) real output per unit of
Q87: Suppose that real domestic output in an
Q88: An economy is employing 2 units of
Q90: An economy is employing 2 units of
Q91: The following table gives information about the
Q91: Per unit production cost is:
A)real output divided
Q94: Suppose that real domestic output in an
Q95: If the dollar price of foreign currencies
Q97: Suppose that real domestic output in an
Q109: Other things equal, appreciation of the dollar:
A)increases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents