Recent Posts • Latest Topics • Unanswered Questions

A new technology is developed for producing microwave ovens that reduces production costs by 10%. ...

Ryanteck

wrote...

Go to Answer

Posts: 559

Rep:

6 years ago

A new technology is developed for producing microwave ovens that reduces production costs by 10%. ...

A new technology is developed for producing microwave ovens that reduces production costs by 10%. Which of the following is the most likely consequence of this technological change?
A) If firms do not adopt this new technology, then the economy will remain in general equilibrium, because firms will not change their price and output decisions.
B) Firms will continue to operate efficiently as long as no firm adopts this new technology.
C) This new technology will not affect efficiency, but it will change the equilibrium price and quantity for this industry.
D) Firms must adopt this new technology to remain efficient.

Read 44 times

1 Reply

Report

Replies

Answer verified by a subject expert

goldlilys

wrote...

Related Topics

Ryanteck Author

wrote...

6 years ago

this is exactly what I needed

Smair87

wrote...

Yesterday

This helped my grade so much Perfect

kh540941

wrote...

2 hours ago

Thank you, thank you, thank you!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1257 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

817

833

809

Your Opinion

Previous poll results: What percentage of nature vs. nurture dictates human intelligence?

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.