Assume That a Worker in a Technology Firm Can Produce

question 162

Multiple Choice

Assume that a worker in a technology firm can produce 3 circuit boards in an hour.Due to subsequent innovation,she is now able to produce 6 circuit boards per hour.Other things remaining the same,the firm's supply curve is likely to ________.

• A) shift to the left
• B) shift to the right
• C) become steeper
• D) remain unchanged

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Definitions:

Revenue

The total income generated by a business from its normal business operations, including sales of goods and services.

Planning Budget

A budget formulated at the beginning of the budgeting period that is based on planned operations and outputs.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Planning Budget

A budget created at the beginning of a period, based on estimates of revenues and expenses.