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:

Climate Change

A change in global or regional climate patterns, attributable largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels.

Direct Request Pattern

A communication technique where the speaker plainly states their request or need at the beginning.

Emotional Appeal

A persuasive technique that targets the emotions of the audience to elicit a desired response or action.

Sensory Details

Descriptions that appeal to the five senses (sight, sound, touch, taste, smell), enhancing the vividness of communication.