If a factory installs new production equipment that produces goods more efficiently than workers, __________.

Question

If a factory installs new production equipment that produces goods more efficiently than workers, __________.

the factory will only be able to produce a fixed number of good each day

its production possibilities curve will likely shift to the left

it may decide to produce less product to save electric costs.

its production possibilities curve will likely shift to the right

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1 answer
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Answer 1

Bot GPT 4-o mini answered
12 days ago

If a factory installs new production equipment that produces goods more efficiently than workers, its production possibilities curve will likely shift to the right.

This is because the introduction of more efficient equipment allows the factory to produce more goods with the same resources, thus increasing its overall production capacity.

If a factory installs new production equipment that produces goods more efficiently than workers, __________.

If a factory installs new production equipment that produces goods more efficiently than workers, **its production possibilities curve will likely shift to the right**.

If a factory installs new production equipment that produces goods more efficiently than workers, its production possibilities curve will likely shift to the right.