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Sidana [21]
3 years ago
7

In the short-run an increase in the costs of production makes a. output rise and prices fall. b. output and prices fall. c. outp

ut fall and prices rise. d. output and prices rise.
Business
1 answer:
gtnhenbr [62]3 years ago
7 0

Answer:

C) Output fall and prices rise

Explanation:

In an aggregate supply, aggregate demand model, price level is the Y axis, and output is the X axis. Supply is positively related with price: the higher the price, the more firms produce.

However, to produce someting, firms need to employ the factors of production: land, labor and capital. The wages firms pay to workers, and the rent firms pay for land and capital are the production costs. If these costs rise, then, the products will become more expensive.

This increase in price will be met with lower demand; less customers will be willing to purchase the product, and therefore, the firms will start producing less until reaching a new equilibrium.

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If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
exis [7]

Answer:

$580 billion

Explanation:

Given that

GNP = $600 billion

Receipts of factor income from the rest of the world = $50 billion

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= $580 billion

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2 years ago
Perhaps the most significant federal statute specifically addressing cyber crime is the:________.
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Answer:

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Before this time cybercrime was prosecuted as mail and wire fraud. This was often inadequate.

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