Which One of the Following Would Increase Per-Unit Production Cost

question 258

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) production bottlenecks occurring when producers near full plant capacity
• C) an increase in the price of imported resources
• D) deregulation of industry

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Definitions:

Behavioral Perspective

An approach in psychology focusing on the study of observable behavior and its environmental determinants.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Value Statement

A declaration that outlines an organization's core beliefs and principles, guiding its behavior and decision-making.

Confidence

The belief in one's abilities or qualities, often leading to a sense of self-assurance in their actions or decisions.