Multiple Choice
A decrease in the price of a productive resource will result in each of the following except a(n)
A) downward shift in the average-cost curves for all products that use the resource.
B) rightward shift in the supply of products which use the resource.
C) rightward shift in the demand curves for all products that use the resource.
D) increase in the quantity demanded of this productive resource.
Correct Answer:

Verified
Correct Answer:
Verified
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q93: If MP ₐ / Pₐ = MP
Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q96: A competitive firm's marginal revenue product of
Q98: An example of derived demand in the
Q99: What is the marginal productivity theory of
Q100: If MRP of labor < wage rate,
Q101: Which of the following increases in labor
Q102: For a firm selling its product in