The Slope of the Aggregate Supply Curve Increases as Output

question 131

Multiple Choice

The slope of the aggregate supply curve increases as output increases because

• A)the cost of resource use increases as potential is reached.
• B)consumers are willing to pay more as output expands.
• C)firms substitute capital for labor as prices increase.
• D)firms substitute capital for labor as capacity is reached.

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Definitions:

Competition

An interaction between organisms or species, in which the fitness of one is lowered by the presence of another.

Biological Control Agent

An organism, such as a predator, parasite, or pathogen, intentionally released to control a pest species, reducing its population in a natural or managed ecosystem.

Target

An object, individual, or location selected as the aim of an attack or the focus of an activity or project.

Host Species

A species that provides a source of energy or a suitable environment for a pathogen or parasite to live and reproduce.