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 125 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?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ... Maslow’s hierarchy of needs proposes that lower needs dominate the individual’s motivations and ...
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Digestion converts whole foods into individual nutrients that can be used by the body’s cells Digestion converts whole foods into individual nutrients that can be used by the body’s cells
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Overweight individual with acanthosis nigricans Overweight individual with acanthosis nigricans
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library