An Economy Is Employing 2 Units of Capital, 5 Units

question 23

Multiple Choice

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.

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Definitions:

Happier

A comparative state of experiencing more joy, satisfaction, or contentment.

Wealthier

Having a greater amount of money, resources, or assets.

Poorer

Having less wealth, income, or material possessions compared to others or a previous state.

Long Marriage

A marital union that has lasted for a significant number of years, demonstrating durability and commitment between partners.