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Author Question: Suppose that a more efficient way to produce a good is discovered, thus lowering production costs ... (Read 88 times)

BrownTown3

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on: Jun 30, 2018
Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause:
 a. an increase in supply, or a rightward shift of the supply curve.
 b. a decrease in supply, or a leftward shift of the supply curve.
 c. an increase in quantity supplied, or a movement down the supply curve.
  d. a decrease in quantity supplied, or a movement up the supply curve.

Question 2

When a person's consumption goes from 8,000 to 12,000 when her disposable income goes from 10,000 to 20,000, her MPC equals:
 a. 0.4.
 b. 0.6.
 c. 0.75.
  d. 0.8.


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stallen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


BrownTown3

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Reply #2 on: Jun 30, 2018
Thank you


stallen

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Reply #3 on: Jun 30, 2018
No problemo


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