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

Author Question: If the price of an input decreases, each individual firms marginal cost curve shifts ________ and ... (Read 130 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Apr 19, 2019

Question 1

Which of the following will shift the short-run industry supply curve of a perfectly competitive industry?


◦ a decrease in the price of an input
◦ an increase in consumer income
◦ an increase in the price of the product
◦ an increase in demand for the product

Question 2

If the price of an input decreases, each individual firmʹs marginal cost curve shifts ________ and the industry supply curve ________.


◦ downward; shifts to the left
◦ downward; shifts to the right
◦ up; does not change
◦ up; shifts to the left
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 Yolanda on Apr 19, 2019

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
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 56% of students answer this correctly


Yolanda

  • Hero Member
  • *****
  • Posts: 757
Reply #2 on: Apr 19, 2019
Excellent


ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

The titration curve of acetic acid The titration curve of acetic acid
The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
With input from sensory neurons, activation of the reticular activating system causes arousal of the ... With input from sensory neurons, activation of the reticular activating system causes arousal of the ...
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
question in cost accounting question in cost accounting
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library