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

---

Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be written and signed to be enforceable, aimed at preventing fraud.

In Writing

The term "in writing" refers to the requirement that certain agreements, contracts, or notices be recorded on paper or in a digital format to ensure legality and enforceability.

Guarantee

A formal assurance, typically by one party to another, that certain conditions will be fulfilled, including quality, performance, or durability of a product or service.

Primary Obligation

The fundamental duty or liability that a party is required to fulfill under a contract.