Question: I need ans Graphically, what is the effect of technological change? Multiple Choice O The long run average cost curve will shift down, but the

I need ans

Graphically, what is the effect of technological change? Multiple Choice O The long run average cost curve will shift down, but the short-run curves wil not change O Both the long-run and short-run average cost curves will shit down O The long-run average cost curve will shift up, but the short-run curves will not change O Both the long-run and short-run average cost curves will shift up O It will reduce the size of the average firm

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The following is Sullivan Corp.s comparative statement of financial position accounts at December 31, 2022 and 2021, with a column showing the increase (decrease) from 2021 to 2022. Additional...

I 46) Graphically, what is the effect of technological change? A) The long-run average cost curve will shift down, but the short-run curves will not change. B) Both the long-run and short-run average...

What will happen to short run and long run average cost curves if there is a technological improvement? Multiple choice question. Both will shift up. The short run curve will shift up while the long...

O (PC - PP) x QE Zoom out (PC - PP) x (QE - Q") x Question 3(Multiple Choice Worth 1 points) (03.02 MC) Use the graph to answer the question that follows. Price MC ATC ATC, Quantity (units) The shift...

1. (01.01 MC) Why might salt be a resource with a high cost in one market and a very low cost in another market? (1 point) Trade could affect costs. Its supply could be scarce in one market and very...

tax Consider the market for apple juice. In this market, the supply curve is given by QS = 10PJ 5PA and the demand curve is given by QD = 100 15PJ + 10PT , where J denotes apple juice, A denotes...

Hello, can you help me solve these questions please? thank you so much. 21. If money income is reduced by half, and the prices of all goods consumed by the household are reduced by half, the...

Use the graph below. (answers chosen might not be correct.) The short run is defined as a period of time where Select one: a, some of a firm's inputs are fixed b. the firm always breaks even (earns...

Q2. Suppose that as a result of the government policy we expect a permanent decrease in the flow of migrant workers into the United States. As a result, we can expect Select one: a. a right-ward...

Supply Chain Management Introduction Outline What is supply chain management? Significance of supply chain management. Push vs. Pull processes utdallas.edu/~metin 1 A Generic Supply Chain Sources:...

QUESTION 1 An industry characterized by many firms producing similar but differentiated products in a market with easy entry and exit is called: oligopolistic. perfectly competitive. monopolistically...

Why does a typical small helicopter with a single main rotor have a second small rotor on its tail? Describe the consequence if the small rotor fails in flight.

Describe the major features of uninsured motorists coverage (Part C) in the PAP.

If you a US investor want to use interest arbitrage for a 9 0 day investment you will have blank after 9 0 days

Contribution Margin Variance Iliff, Inc., produces and sells two types of countertop ovensthe toaster oven and the convection oven. Budgeted and actual data for the two models are shown below....

=+ 7. When workers wages rise, their decision about how much time to spend working is affected in two confl icting waysas you may have learned in courses in microeconomics. The income effect

=+Specifi cally, what happens to employment, output, and the total amount earned by workers?

=+ e. Will Congress succeed in its goal of helping the working class? Explain.