If the Cost to Download a Song from the Internet

question 164

Multiple Choice

If the cost to download a song from the Internet falls from $0.99 to $0.50 along an upward-sloping supply curve,producer surplus in the market for MP3 players is likely to:

• A)increase.
• B)decrease.
• C)not change.
• D)We cannot determine what producer surplus will do without information about consumer surplus.

Analyze industrial location decisions to minimize costs and maximize operational efficiency.

Evaluate political and social risks associated with operating in different countries.

Understand the importance of strategic location clustering for businesses.

Apply center-of-gravity and other quantitative methods to location analysis.

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