Which of the following choices is an example of how technology has impacted the supply of goods? supply curve subsidies regulations assembly lines
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- Does a change in technology lead to a shift in the demand curve? Why, or why not? Your answer cannot exceed 100 words.There are dozens of laptop manufacturers around the world. Does the idea of efficient production mean that there should only be one laptop manufacturer making laptops at the lowest marginal cost?Explain different types of competition and also state why is competition good for the consumer from an economics perspective
- Services are perishable, which means they cannot be stored or inventoried. What attempts might a university or college make to 'shift' both the supply (when needed during busier times) and the demand (to non-peak times) in order to balance the supply and demand for its services?What is efficient quantitywhat is demand in micro economics
- How does demand for business products differ fromconsumer demand?Why is market definition important for economic decision making?Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. The effect of government regulation on a monopolist's production decisions The government's decision on how much to spend on public projects A consumer's optimal choice when buying a smart TV Microeconomics Macroeconomics
- Use a graph and a written description to explain what happens when an oil shortage leads to reduced supplies of synthetic rubber, a resource that is used for both bicycle and motorcycle tires.What is the meaning of micro economicsClick on the icon to read the news clip, then answer the following questions. The graph shows the market for Microsoft Windows. >>> The graph will plot data needed to answer this question. If the marginal cost of making a copy of the full version of Windows that includes Interned Explorer (IE) is zero, Microsoft will set the price of Windows at $ per copy. If the average fixed cost of stripping IE from Windows is $80 per copy, Microsoft will set the price of Windows stripped of IE at $ per copy. If the marginal cost of stripping IE from Windows is $80 per copy, Microsoft will set the price of Windows stripped of IE at $ per copy. It in Microsoft's self-interest to set a different price for a version stripped of IE if the marginal cost of producing the stripped version differs from the version that includes IE. 800- 720- 640- 560- 480- 400- 320- 240- 160- 80- Price (dollars per copy) D MR 0- 0 10 20 30 40 50 70 80 Quantity (thousands of copies of Windows per month) >>> Click on the…
