Author Question: With a technological change that increases productivity, the average product curve ________ and the ... (Read 156 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?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library