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

Author Question: Suppose that a more efficient way to produce a good is discovered, thus lowering production costs ... (Read 59 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause:
 a. an increase in supply, or a rightward shift of the supply curve.
 b. a decrease in supply, or a leftward shift of the supply curve.
 c. an increase in quantity supplied, or a movement down the supply curve.
  d. a decrease in quantity supplied, or a movement up the supply curve.

Question 2

When a person's consumption goes from 8,000 to 12,000 when her disposable income goes from 10,000 to 20,000, her MPC equals:
 a. 0.4.
 b. 0.6.
 c. 0.75.
  d. 0.8.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 30, 2018
Thank you


stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

A single crossover cannot produce a viable recombinant A single crossover cannot produce a viable recombinant
Fossils are formed after an animal dies, decomposes, and is covered in sediment. Minerals in ground Fossils are formed after an animal dies, decomposes, and is covered in sediment. Minerals in ground
The Taung Child, the first of the australopithecines to be discovered, is the type specimen for Aust The Taung Child, the first of the australopithecines to be discovered, is the type specimen for Aust
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Video: Pasteur's Experiment

For a complete list of videos, visit our video library