Supply Increases from All of the Following Except

question 63

Multiple Choice

Supply increases from all of the following except

• A) the introduction of a cost-saving technology.
• B) a rise in input prices.
• C) an increase in the number of businesses selling.
• D) a fall in the price of a related product or service in production.
• E) an expectation that future prices will be lower.

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Definitions:

Average Total Cost Curve

A graphical representation illustrating the cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Marginal Cost Curve

An illustrated chart demonstrating how the cost for producing an additional unit of a product fluctuates with increased production volume.

Fixed Capital Input

Assets and resources used in production that are not consumed or changed and can be used repeatedly over time, such as machinery and buildings.

Variable Labor Input

Labor whose usage level can be changed in the short term to match the level of output production.