Assume that the demand for a certain good is perfectly inelastic and the supply curve of the good is upward sloping. Which of the following occurs in the market for the good if the price of an input used to produce the good increases?

a. A decrease in both the quantity supplied and the equilibrium amount consumed
b. A decrease in the quantity supplied and an increase in the equilibrium price
c. A decrease in the supply and an increase in the equilibrium price
d. A decrease in both the demand and the equilibrium amount consumed
e. None of the above.

Achecklists should be based on past

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Considered to be a "super tool" or tool that has high use and high potential for improving project success?