Suppose That Techno Co

question 191

Multiple Choice

Suppose that Techno Co. produces laptop computers. At a price of $1,000 per laptop, Techno determines that its optimal output is 3,000 laptops per week. If prices are sticky and fears of a
Recession reduce demand for laptop computers, we would expect Techno to

• A) reduce output in the long run.
• B) reduce output in the short run.
• C) raise prices in the short run to compensate for lost revenue.
• D) lower prices in the short run to offset the reduced demand.

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Definitions:

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body, potentially leading to tumors, spread to other areas, and various health challenges.

Lack

The state of being without or not having enough of something.

Homeopathic Medicine

Involves the use of natural drugs to treat patients.

Palliative Medicine

A branch of medicine focused on relieving pain, symptoms, and stress of serious illness, aiming to improve quality of life for patients and their families.