Technical and organizational change
A) typically reduces prices by increasing the supply of the product, ceteris paribus.
B) typically reduces prices by decreasing the demand for the product, ceteris paribus.
C) typically increases prices by increasing the demand for the product, ceteris paribus.
D) typically increases prices by decreasing the supply for the product, ceteris paribus.
Question 2
Dell computers has increased production efficiency by
A) producing output with fewer inputs.
B) expanding the amount of inputs used.
C) outsourcing production.
D) relying on decreasing returns to scale.