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Author Question: If a technological change reduced the amount of the variable input needed by a firm to produce a ... (Read 65 times)

notis

  • Hero Member
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  • Posts: 596
on: Jun 30, 2018
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
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  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


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