An Improvement in a Firm's Technology That Reduces Its Production

question 233

Multiple Choice

An improvement in a firm's technology that reduces its production costs will result in a(n) :

• A) rightward shift of the supply curve.
• B) increase in supply.
• C) increase in quantity supplied at any given price.
• D) all of the above are true.

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Definitions:

Type A Personalities

Individuals characterized by high levels of competitiveness, urgency, aggression, and impatience, potentially leading to higher stress levels and related health issues.

More Stressors

Refers to additional factors or circumstances that cause stress, adding to the physical or psychological pressure experienced by an individual.

Comfortable

A state or situation in which one feels physically relaxed and free from pain, or when a person feels mentally at ease, without worry, stress, or discomfort.

Hardy Personality

A psychological trait which allows individuals to endure stress and adversity with resilience and a positive outlook.