Suppose the current level of output is 5000 and the elasticity of output with respect to capital is 0.4. A 10% increase in capital would increase the current level of output to

Which of the following factors is likely to lead to an increase in the quantity demanded of pens?

A) A fall in the price of paper B) A fall in the incomes of all consumers C) A rise in the incomes of all consumers D) A fall in the price of pens

The resources used to make all goods and services are the:

a) production possibilities b) factors of production c) production trade-offs d) opportunity costs