Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

When there is a technological decrease in the pork industry, consumer surplus in that market will increase. decrease not change, since technology affects producers and

When there is a technological decrease in the pork industry, consumer surplus in that market will

increase.

decrease

not change, since technology affects producers and not consumers.

not change, since consumers willingness to pay is unaffected by the technological advance.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Stata For Principles Of Econometrics

Authors: Adkins, Lee C Adkins, R Carter Hill

4th Edition

111803208X, 9781118032084

More Books

Students also viewed these Economics questions

Question

★★★★★

Suppose each of the following Update operations is applied directly to the database of Figure 3.6. Discuss all integrity constraints violated by each operation, if any, and the different ways of...

Answered: 1 week ago

Question

★★★★★

=+2. Locate three job websites that provide interactive forms for creating a rsum automatically. In a brief memo to your instructor, note the three URLs and describe the

Answered: 1 week ago

Question

★★★★★

Calculate the conversion price formula (CPF) and market price formula (MPF) prices for an offering involving an existing conversion price of $1, a hypothesized market price of $2, and a new offering...

Answered: 1 week ago

Question

★★★★★

When there is a technological decrease in the pork industry, consumer surplus in that market will increase. decrease not change, since technology affects producers and not consumers. not change,...

Answered: 1 week ago

Question

★★★★★

Research on the Internet and identify an emerging security issue. Describe the issue and its origin. Provide an example of this new security issue. Discuss the impacts of the security issue and...

Answered: 1 week ago

Question

★★★★★

In responding to a survey on a sensitive topic, such as "have you ever tried marijuana?", many people prefer not to respond in the affirmative. Suppose that 80% of the population have not tried...

Answered: 1 week ago

Question

★★★★★

Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1, for $637,300 in cash. O'Brien reported net assets with a carrying amount of $358,000 at that time....

Answered: 1 week ago

Question

★★★★★

Outline a method that could be used for modelling water and other fluids. (b) (i) Show how to find the first intersection between a ray and a finite-length, open-ended cone, of unit slope, centred at...

Answered: 1 week ago

Question

★★★★★

In the Deacon process for the manufacture of C12, a dry mixture of HCl and air is passed over a heated catalyst that promotes the oxidation of HCl to Cl2. The Deacon process can be reversed and HCl...

Answered: 1 week ago

Question

★★★★★

Consider a small population consisting of N = 8 students with the following exam grades: Y, 72, 74, Y-76, Y-77, Y, 81, Y-84, Y, = 85, Y = 91

Answered: 1 week ago

Question

★★★★★

1. Describe the types of power that effective leaders employ

Answered: 1 week ago

Question

★★★★★

2. Describe how leadership styles should be adapted to the group situation

Answered: 1 week ago

Question

★★★★★

7. Next time you work in a group, pay attention to how the group works. Does the activity follow a linear model, or is the activity punctuated by periods of inertia and periods of intense activity?...

Answered: 1 week ago

Previous Question Next Question