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Author Question: Which of the following does NOT cause a rightward shift in the supply curve? A) a reduction in ... (Read 131 times)

KWilfred

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on: Jun 29, 2018
Which of the following does NOT cause a rightward shift in the supply curve?
 
  A) a reduction in resource costs
  B) an increase in technology
  C) a reduction in the price of the good
  D) a reduction in the expected future price of the good

Question 2

Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to
 
  A) marginal cost, which is P1.
  B) marginal cost, which is P2.
  C) average cost, which is P3.
  D) average cost, which is P4.


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itsakadoozi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


KWilfred

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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