If a Technological Breakthrough Reduces Input Quantities Needed to Produce

question 237

Multiple Choice

If a technological breakthrough reduces input quantities needed to produce some item,

• A)cost of production will be increased.
• B)the price of the product will rise.
• C)the price of the product will fall.
• D)quantity demanded of the product will fall.

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Definitions:

Visual Basic

A programming language developed by Microsoft that enables the development of graphical user interface applications.

Object Prefixes

Short prefixes added to the names of objects in programming and database design to indicate their type or purpose.

Standard Module

In software development, a reusable collection of code housed in a single unit or file, often containing procedures and functions that can be accessed by various parts of a program.

Function Procedure

A procedure in programming that performs a specific task and returns a value to the caller.