Cost-Reducing Technological Advancements Allow Suppliers to Earn More Profits but Have

question 78

True/False

Cost-reducing technological advancements allow suppliers to earn more profits but have no noticeable effect on the supply curve.

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Definitions:

Concrete Concepts

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Mental Lazy

A tendency to avoid cognitively demanding tasks, opting for simpler, less effortful thinking processes.

Motivation

The process of generating and expending energy toward achieving or avoiding some outcome.

Objective Facts

information verified to be true, independent of personal feelings, interpretations, or prejudice.