Which of the Following Will Shift the Supply Curve for Laptop

question 173

Multiple Choice

Which of the following will shift the supply curve for laptop computers to the left?

• A) development of a cheaper microchip used in laptop computer production
• B) a subsidy to the laptop computer industry
• C) expectations of a future decline in laptop computer prices
• D) a reduction of the number of firms that make laptop computers

Apply linear and non-linear production function models to real-world production problems.

Analyze the impact of input constraints on the cost-minimization problem of a firm.

Understand the principles behind the production and cost functions in special product markets, including competitive firms using multiple inputs.

Understand and apply economic mathematical formulas to real-world scenarios involving cost, productivity, and budget allocation.

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