A Technological Breakthrough in Using Photons for Computers Will Increase

question 30

Multiple Choice

A technological breakthrough in using photons for computers will increase the productivity of those working with computers a hundredfold.You would expect this breakthrough to shift the

• A)marginal product of labor curve up and to the right, raising the quantity of labor demanded at any given real wage.
• B)marginal product of labor curve down and to the left, reducing the quantity of labor demanded at any given real wage.
• C)labor supply curve up, reducing the quantity of labor demanded at any given real wage.
• D)labor supply curve down, raising the quantity of labor demanded at any given real wage.

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Definitions:

Times-Interest-Earned Ratio

A fiscal indicator that evaluates a firm's capacity to satisfy its debt commitments utilizing its present income.

Operating Costs

Expenditures that are necessary for the day-to-day operations of a business, including costs related to manufacturing, sales, and administration.

Interest Charges

Interest charges are the costs incurred by an entity for borrowing money, quantified as a percentage of the principal loan amount.

Assets

Economic resources or owned items of value that an individual, corporation, or country possesses, expected to provide future benefits.