A Technological Innovation That Reduces a Firm's Cost of Producing

question 92

Multiple Choice

A technological innovation that reduces a firm's cost of producing additional units of output will lead to:

• A)an increase in the quantity supplied by the firm, but no change in the firm's supply.
• B)an increase in the firm's supply.
• C)a decrease in the quantity supplied by the firm, but no change in the firm's supply.
• D)a decrease in the firm's supply.

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Definitions:

Hand Gestures

Movements of the hands and arms used to express ideas or convey information without speech.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and goals.

Conscious Experiences

Phenomena that encompass the awareness of one's environment, body, and lifestyle, including thoughts, feelings, and sensations.

Expressive Behaviors

Actions that convey one's internal emotions or feelings to others, including facial expressions, body language, and vocal tones.