Questions

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

In economics, there are four factors of production. They are :

1. Land

2. Labour

3. Capital

4. Organization

Here in the given options, a construction crane acts like capital.