For a Business to Be Willing to Increase Its Quantity

question 141

True/False

For a business to be willing to increase its quantity supplied, rising prices are necessary to cover higher marginal opportunity costs of production.

---

Definitions:

Cash on Hand

The amount of cash a company or individual has available at any given time.

Home Improvement

Home improvement involves making upgrades or repairs to a person's home, which can range from remodeling to gardening, aimed at enhancing the home's comfort, utility, or aesthetic value.

Future Value

The value of an investment or cash flow projected at a specified date in the future, considering a given rate of interest or growth.