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Author Question: If the price of an input decreases, each individual firms marginal cost curve shifts ________ and ... (Read 123 times)

Yolanda

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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
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Marked as best answer by Yolanda on Apr 19, 2019

ntsoane kedibone

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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.
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Yolanda

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Reply #2 on: Apr 19, 2019
Excellent


ntsoane kedibone

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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