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Mrac [35]
3 years ago
14

If improvements occur with any of the four factors of production what occurs with the real output?

Business
1 answer:
hammer [34]3 years ago
7 0

Answer:

c. it shifts to the right

Explanation:

Output refers to the total production in the economy. It is equivalent to the total quantity of goods and services supplied in the economy per period. The total output is equivalent to the aggregate supply. Therefore, the output curve will behave as the aggregate supply curve.

Favorable economic conditions increase the total output by firms. Improvement in factors of production will have the same effect as improvement in technology or reduction in taxes. A fall in the price of outputs will encourage more firms to produce more, making the curve to shift to the right.

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There are 20 owners for McJellies, Inc. None of those owners are personally financially liable for the company. What type of bus
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- Corporation

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Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In ord
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Answer: Computer aided engineering(CAE) systems.

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3 years ago
Dr. Peabody recorded an $82 telephone bill that he will pay within thirty days. Which of the following statements is correct?
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Answer:

A. Telephone expense is debited $82; accounts payable is credited $82.

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Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.

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3 years ago
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Answer:

The correct answer is is of less strategic importance than identifying opportunities for outsourcing.

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