Use the Following Graph to Answer the Next Two Questions

question 146

Multiple Choice

Use the following graph to answer the next two questions.

-What would cause an upward shift of the production function?

• A) an increase in capital
• B) an increase in investment
• C) an increase in output
• D) an increase in depreciation
• E) an advance in technology

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Definitions:

Interstate Commerce

The exchange of goods, services, or money between parties in different states, governed by federal law in the United States.

Create A Monopoly

The practice or situation where a single company or entity exclusively controls a particular market, limiting competition and possibly leading to higher prices and less innovation.

Sherman Act

A foundational United States antitrust law aimed at maintaining fair competition in the marketplace by prohibiting monopolies, cartels, and anticompetitive practices.

Unreasonable Restraint

Restrictions or practices that excessively limit trade or competition beyond what is considered fair or legal.