The choice of how much to produce depends on a variety of factors. One of the important factors is the cost of production. Two very important components of the cost of production are resource (input) price and technology.Draw a new supply curve that illustrates changes in supply when the production rise because price have increased and available technology has made production more expensive.

Following are the solution to the given question:

Explanation:

Please find the graph image in th e attachment file.

In the question, it increases the manufacturing prices, which raises the corporation's expenditures, which increases the material production, mostly as a result of a decline in business production of materials, which will cause the aggregate demand through S to S' to be moved to the left.

$356,261.95

Explanation:

Interest rate per annum = 12%

No of years = 11

No of corresponding per annum = 1

Interest rate per period = 12% (12%/1)

No of period = 11

Payment per period = $60,000

1.12^11

Investment today = P * [1 - (1/(1+r)^n)]/r

Investment today = 60,000 * {1 - (1/(1+0.12)^11)] / 12%

Investment today = 60,000 * {1 - (1/3.47855) / 0.12

Investment today = 60,000 * {1 - 0.2874761) / 0.12

Investment today = 60,000 * 0.7125239/0.12

Investment today = 60,000 * 5.937699167

Investment today = 356261.95002

Investment today = $356,261.95