Technological Advances Shift the Supply Curve Rightward

question 80

True/False

Technological advances shift the supply curve rightward.

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Definitions:

Required Rate

Often referred to the required rate of return, it is the minimum expected rate of return on an investment deemed acceptable to an investor.

Payback Period

The duration of time it takes for an investment to generate an amount of income or cash flow equal to the cost of the investment.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Old Equipment

Refers to machinery or technology that has become outdated or has surpassed its effective service life but may still be in use.