Which One of the Following Would Increase Per Unit Production

question 59

Multiple Choice

Which one of the following would increase per unit production cost and therefore shift the aggregate supply curve to the left?

• A)a reduction in business taxes
• B)an increase in the number of resources used in production
• C)an increase in the price of imported resources
• D)deregulation of industry

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Definitions:

Independent Variable

The variable in an experiment that is manipulated or changed to observe its effect on a dependent variable.

X-axis

The horizontal axis in a coordinate system, often representing the independent variable in a graph.

Scientific Method

A systematic approach to research and experimentation used to explore observations and answer questions, involving hypothesis formulation, experimentation, observation, and conclusion.

Data Analysis

The process of inspecting, cleaning, transforming, and modeling data with the objective of discovering useful information, informing conclusions, and supporting decision-making.