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

Author Question: The demand and supply curves shown below apply to a competitive market for a factor used in the ... (Read 155 times)

allywil32

  • Full Member
  • ***
  • Posts: 144
on: Oct 12, 2022

The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets.



FIGURE 13-2

Refer to Figure 13-2. This factor market is in equilibrium at point B. If a technological change occurs in the production of widgets that allows for increased production from each factor, then


◦ equilibrium will move toward point C and economic rent to the initial 40 units will increase.
◦ total factor earnings will decrease and economic rent to the initial 40 units will increase.
◦ economic rents to the initial 40 units of the factor will decrease.
◦ total factor earnings will rise and economic rent to the 40th unit will be zero.
◦ equilibrium will move toward point D and the factor price will rise.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by allywil32 on Oct 12, 2022

saly

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Oct 12, 2022
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 29% of students answer this correctly


allywil32

  • Member
  • Posts: 144
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

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.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Segregation according to resource factor among 40 species of British passerine birds. Segregation according to resource factor among 40 species of British passerine birds.
Ground cover and colour such as shown here in (a) white sand Ground cover and colour such as shown here in (a) white sand
Biopsy. Various forms of gynecological biopsy are shown. Biopsy. Various forms of gynecological biopsy are shown.
Petrissage with a flat hand. Apply compression across the abdomen in a wavelike motion. Push in ... Petrissage with a flat hand. Apply compression across the abdomen in a wavelike motion. Push in ...
Apply lubricant to the foot and ankle, plantar and dorsal surfaces, and to each toe separately. Apply lubricant to the foot and ankle, plantar and dorsal surfaces, and to each toe separately.
Who Oversees the Food Supply? Who Oversees the Food Supply?
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library