Author Question: If a technological change reduced the amount of the variable input needed by a firm to produce a ... (Read 74 times)

notis

  • Hero Member
  • *****
  • Posts: 596
If a technological change reduced the amount of the variable input needed by a firm to produce a unit of output:
 a. its AVC curve would shift down.
  b. its ATC curve would shift down.
  c. its MC curve would shift down.
  d. All of the above would occur.

Question 2

Stock prices often fail to correctly reflect complete information about a company in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false



zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

d

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library