This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A new technology is developed for producing microwave ovens that reduces production costs by 10%. ... (Read 31 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Apr 19, 2019

Question 1

Because most people prefer smartphones to flip phones, firms can improve efficiency by


◦ stopping production of flip phones and starting production of smartphones.
◦ starting production of flip phones and stopping production of smartphones.
◦ increasing production of both flip phones and smartphones.
◦ stopping production of both flip phones and smartphones.

Question 2

A new technology is developed for producing microwave ovens that reduces production costs by 10%. Which of the following is the most likely consequence of this technological change?


◦ Firms will continue to operate efficiently as long as no firm adopts this new technology.
◦ Firms must adopt this new technology to remain efficient.
◦ This new technology will not affect efficiency, but it 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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mr3Hunna on Apr 19, 2019

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
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.
Answer Preview
Only 25% of students answer this correctly


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Apr 19, 2019
Gracias!

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet
Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
The production of a new allopolyploid species The production of a new allopolyploid species
Video: Structure of a Ribosome

For a complete list of videos, visit our video library