Asked by
Summer Hurst
on Dec 11, 2024
Verified
Which of the following would increase the supply of laptop computers?
A) higher wage rates for the workers that produce laptop computers
B) a technological improvement that lowers the cost of producing laptop computers
C) an increase in the price of computer chips used to produce laptop computers
D) all of the above
Technological Improvement
The advancement or enhancement of technology, leading to increased efficiency, productivity, or quality in processes or products.
Wage Rates
The amount of compensation an employee receives from an employer in exchange for performing a specific job, typically expressed on an hourly basis.
Supply
The total amount of a specific good or service that is available to consumers, often influenced by price, production capabilities, and other market factors.
- Apprehend the influences resulting in modifications in supply and demand.
- Differentiate the impacts of technological improvements from the costs of resources on supply.
Verified Answer
GG
Learning Objectives
- Apprehend the influences resulting in modifications in supply and demand.
- Differentiate the impacts of technological improvements from the costs of resources on supply.