The Cost of Producing an Item Declines Due to Improved

question 142

True/False

The cost of producing an item declines due to improved technology.The supply curve should shift to the left.

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Definitions:

Graphing Calculator

A handheld electronic device capable of plotting graphs, solving equations, and performing other mathematical computations.

Linear Inequality

An inequality that involves a linear function, representing a range of possible values that satisfy the inequality.

Solution

The answer to a problem or the value or values that satisfy an equation.

Shaded Region

In graphical representations, the area that is marked or colored to highlight a particular portion of the space, often used to represent solutions or subsets in inequality representations.