Suppose There Is an Increase in the Quantity of Capital

question 51

Multiple Choice

Suppose there is an increase in the quantity of capital.As a result, the SAS

• A)and the LAS curves both shift rightward.
• B)curve does not shift but the LAS curve shifts leftward.
• C)curve does not shift but the LAS curve shifts rightward.
• D)curve shifts rightward, but the LAS curve does not shift.
• E)and the LAS curves both shift leftward.

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Definitions:

Cost Accounting Systems

The framework and processes used to systematically record, measure, and analyze costs associated with a company's operations, for the purpose of internal decision making.