Which of the Following Movements Is an Example of Extension

question 76

Multiple Choice

Which of the following movements is an example of extension?

• A)bending forward at the waist
• B)kneeling
• C)raising your arm laterally
• D)using your finger to point out an area on a map
• E)shrugging your shoulders

Identify the conditions under which a firm should produce a positive output.

Distinguish between different types of subsidies and their effects on firm output.

Understand the supply function and its derivation from production and cost conditions.

Recognize the significance of input prices on firm's production decisions and supply function.