An Improvement in Technology

question 170

Multiple Choice

An improvement in technology

• A) is one way to shift the demand curve.
• B) always increases producers' profits.
• C) allows a producer to decrease output with the same amount of input.
• D) allows a producer to increase output with the same amount of input.
• E) shifts the supply curve to the left.

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in alignment with the goal of maximizing investor wealth.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Intangible Benefits

Non-quantifiable advantages or value derived from a project, service, or product, such as brand recognition or customer loyalty.

Financially Attractive

A term used to describe investments or projects that are expected to yield a good financial return.