e firm would purchase neither technology A or c. d. Technology B; it has a highe

Question

e firm would purchase neither technology A or c. d. Technology B; it has a higher l has the highest present value Technology A: it has the highest present value x0. Which technology should the firm purchase 38. At Bake My Day", the tner marginal revenue product than technology A cake is $32. Which of the following is con a. The total cost of 21 cakes is $568 b. The average variable cost of 21 cakes is $23 c. Bake My Day is experiencing diminishing marginal productivity. d. The average total cost of 21 cakes is $25.33 otal cost of producing 20 cakes is $500. The marginal cost of producing the 21st of producing ect? 39. W hat effect is due to a price change that moves the consumer along the same indifference curve to a point with a new marginal rate of substitution? a. the substitution effect b. the budget effect e. the preference effect d. the income effect 40. Assume that the demand and supply cur ssome will happen to the price of a truck on the buyer of each truck, what cam will eerease by exactly ss00 for sports trucks are elastic. f the govern awe crease by exactly $500. b. The equilibrium price of a rill rese by less than ss00. equilibrium price of a truck monopoly? imposes a $5000 tax The equilibrium price of defining characteristic of a natural mono nt marginal cost over the relevant rangel constant returns osts o ontant eturns to scale over the relevant ran constant average fixed costs over the relevant rut range of output increasing returns to scale over the relevan

Explanation / Answer

Substitution effect would lead to movement along the indifference curve.

OPTION A

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