Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes

A) only i
B) i and iii
C) only ii
D) i and ii
E) i, ii, and iii

E

Economics

You might also like to view...

Which of the following is an example of a good whose price goes down because of improvements in technology?

a) computer printers b) running shoes c) hard-bound books d) typewriters

Economics

What decisions must a firm make to maximize profit?

What will be an ideal response?

Economics