The increase in technology used to produce a good would
A. move its supply curve to the left.
B. cause a movement along the supply curve to a (higher price, higher quantity) point.
C. move its supply curve to the right.
D. cause a movement along the supply curve to a (lower price, lower quantity) point.
Answer: C
Economics
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In January 2015, Tim's Gyms, Inc owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled
A) $1 million. B) -$300,000. C) $200,000. D) -$100,000.
Economics
If capital demand shifts to shorter lived equipment, then
A) net investment will fall. B) net investment will increase. C) net investment will not change. D) the effect on net investment is unknown.
Economics