The Following Table Gives Information About the Relationship Between Input

question 201

Multiple Choice

The following table gives information about the relationship between input quantities and real domestic output in a hypothetical economy:

-Suppose that the price of each input increased from $5 to $8.The per unit cost of production in the above economy would:

• A) rise by $1.50 and the aggregate supply curve would shift to the right.
• B) rise by 60 percent and the aggregate supply curve would shift to the left.
• C) rise by 60 percent and the aggregate demand curve would shift to the left.
• D) fall by $1.50 and the aggregate demand curve would shift to the right.

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Definitions:

Negative Communications

involve interactions that convey disapproval, criticism, or other adverse messages, potentially harming relationships or morale.

Workplace

The physical or virtual location where individuals perform their job duties and collaborate with colleagues.

Manager

An individual responsible for directing and overseeing the work of a group or segment of an organization, often involved in planning, organizing, leading, and controlling resources.

Ratio

A mathematical expression that represents the relationship in quantity, degree, or size between two similar things, often expressed as "a to b" or a/b.