In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization

Consider the market for Hewlett-Packard printers, depicted in the figure to the right, where the supply of HP printers has increased from S1 to S2. What would cause the supply curve for HP printers to shift to the right?

A. a decrease in the price of a substitute in production B. a decrease in the price of an input C. a higher expected future price for HP printers D. both A and B E. all of the above

If the firm in the above figure produces output level D, it incurs an average fixed cost of production equal to the distance

A) DK. B) RN. C) JL. D) KR.