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Author Question: A new technology is developed for producing solar panels that reduces production costs by 40%. Which ... (Read 200 times)

cookcarl

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on: Apr 19, 2019

A new technology is developed for producing solar panels that reduces production costs by 40%. Which of the following is 
true?


◦ Firms will continue to operate efficiently as long as no firm adopts this new technology.
◦ For the economy to remain efficient, product produced with this new technology must be equitably distributed to all consumers.
◦ This new technology will affect efficiency, and will change the equilibrium price and quantity for this industry.
◦ If firms do not adopt this new technology, then the economy will remain in general equilibrium, because firms will not change their price and output decisions.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cookcarl on Apr 19, 2019

kbennett34

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cookcarl

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

mcarey591

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Reply 3 on: Yesterday
Wow, this really help

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