Business, 04.11.2019 21:31, on3lilbit

Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30. if productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would a. decrease and aggregate supply would decrease. b. decrease and aggregate supply would increase c. increase and aggregate supply would decrease d. remain unchanged and aggregate supply would remain unchanged

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Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the...