Which is a supply plan with existing inputs?
A) an oil company's investment in new tar sands oil extraction technology.
B) a baby-boomer's decision not to retire but keep working.
C) a snow-removal business's decision to buy another plow to expand capacity.
D) a shoe factory's plan to install new, improved robots in its factory in Manitoba.
E) Toronto's plan to extend the subway system.

Question

Quizplus · Accepted Answer

A supply plan with existing inputs refers to utilizing the current resources or workforce without adding new capacity or technology. In this case, a baby-boomer's decision not to retire but keep working does not involve acquiring new resources but rather continues to use an existing workforce.

Which Is a Supply Plan with Existing Inputs