Author Question: An improvement in technology would result in A) upward shifts of MC and reductions in output. ... (Read 80 times)

storky111 · **on:** Jul 1, 2018

An improvement in technology would result in

A) upward shifts of MC and reductions in output.
B) upward shifts of MC and increases in output.
C) downward shifts of MC and reductions in output.
D) downward shifts of MC and increases in output.
E) increased quality of the good, but little change in MC.

Question 2

The game in Scenario 13.8 is

A) variable-sum.
B) constant-sum.
C) cooperative.
D) a Prisoner's Dilemma.
E) a Conjoint Crux.