Which of the Following Would Decrease the Total Output of Goods

question 30

Multiple Choice

Which of the following would decrease the total output of goods and services?

• A)Mandatory controls on production
• B)Increases the hours of work
• C)Increases in labor input growth
• D)Increases in capital stock

---

Definitions:

Marginal Revenue

The additional income that an organization receives from selling one more unit of a product or service.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the financial gain exceeding the opportunity costs of resources.

MR = MC

An economic principle stating that the maximum profit occurs where marginal revenue equals marginal cost, guiding firms on the optimal level of output.

Output

The total amount of goods or services produced by a firm, industry, or economy within a given period.