An Increase in Future Total Factor Productivity Shifts the

question 24

Multiple Choice

An increase in future total factor productivity shifts the

• A) Y^d curve to the right.
• B) Y^d curve to the left.
• C) N^s curve to the right.
• D) Y^s curve to the left.
• E) M curve to the right.

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Definitions:

Machine-Hours

A unit of measure reflecting the amount of time a machine is operated, used in cost accounting and operational management to allocate machine costs to products.

Direct Labor-Hours

The total hours of work directly contributing to the production of goods or services.

Casting Department

A specific section within a manufacturing or production facility dedicated to the process of casting, where materials are melted and poured into a mold to make a product.

Finishing Department

The final stage in the manufacturing process where products are completed, packaged, or prepared for sale.