Technology in supply, I have a problem in economics on Technology in supply. Please help

Technology in supply

I have a problem in economics on Technology in supply. Please help me in the following question. The bumper corn crop caused by the good weather would symbolize a raise in: (i) supply. (ii) Consumer’s tastes for corn. (iii) Demand. (iv) The price of corn.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Purely competitive firms in long-run

Purely competitive firms in long-run equilibrium as: (w) should use the most efficient technology available. (x) follow cut throat policies to produce more than society demands. (y) produce output levels where TC = TR = MR = MC = P = AR = AC. (z) have

Q : Implicit and explicit economic costs I

I have a problem in economics on Implicit and explicit economic costs. Please help me in the following question. The Economic profit is the difference among total revenue and: (i) The sum of explicit and implicit economic costs. (ii) Accounting cost. (iii) Variable co

Q : Price elasticity of demand coefficient

Select the right ans wer of the question. The price elasticity of demand coefficient measures: 1) buyer responsiveness to price changes. 2) the extent to which a demand curve shifts as incomes change. 3) the slope of the demand curve. 4) how far business executives ca

Q : Market price of long-run equilibrium

When this firm is typical in this purely competitive market, in that case long-run equilibrium for Christmas trees will be reached at a market price is of: (1) P1. (2) P2. (3) P3. (4)

Q : Price elasticity of supply of commodity

Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit

Q : Definition of monopsonist The

The individual or firm which is the sole buyer of the specific good or resource is a/an: (i) Monopolist. (ii) Oligopolist. (iii) Monopsonist. (iv) Monopolistic competitor. Find out the right answer from the above options.

Q : Demand of goods people willing to buy

The amount of goods which people are willing and capable to buy is termed as their: (i) Desires. (ii) Demands. (iii) Requirements. (iv) Needs. (v) Wants. Can someone please help me in finding out the accurate answe

Q : Present consumption and future

When interest rate increases, the cost of future consumption decreases?

Q : Problem related to supply and demand

Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to: A) rise, the supply of bread to increase,

Q : Goods and services Refer to the above

Refer to the above data. Choose the right answer from following. Zabella's balance on goods and services illustrates a: A) $5 billion deficit. B) $5 billion surplus. C) $10 billion surplus. D) $15 billion deficit.

Discover Q & A

Leading Solution Library

Avail More Than 1454466 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1958717
Asked

3,689

Active Tutors

1454466

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment