Author Question: With a technological change that increases productivity, the average product curve ________ and the ... (Read 108 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
With a technological change that increases productivity, the average product curve ________ and the marginal product curve ________.
 
  A) shifts upward; is unchanged
  B) is unchanged; is unchanged
  C) is unchanged; shifts upward
  D) shifts upward; shifts upward

Question 2

Brand name aspirin is chemically identical to store brand aspirin. Yet, consumers often prefer the brand name product to the store brand product. This preference is an example of
 
  A) product differentiation.
  B) perfect product competition.
  C) oligopolistic product competition.
  D) price taking behavior.



bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library