7Please decide which options are true or false. Thanks! Consider how the short run change in price affects firm'souput.Sfit=WaKAPQuptIn the short run, the technological change will cause the price tofall from P₁ to P₂.In the short run, the technological change will cause the price torise from P₁ to P₁.In the short run after the technological change U.S. firms willproduce q₁ units of the good.In the short run after the technological change U.S. firms willproduce q₂ units of the good.In the short run after the technological change U.S. firms willproduce q3 units of the good.In the short run after the technological change U.S. firms willproduce q4 units of the good.In the short run after the technological change firms in the Restof the World will produce q5 units of the good.In the short run after the technological change firms in the Restof the World will produce q6 units of the good.In the short run after the technological change firms in the Restof the World will produce q7 units of the good.In the short run after the technological change firms in the Restof the World will produce qe units of the good.In the short run after the technological change U.S. firms willshut down.In the short run after the technological change firms in the Restof the World will shut down.5AVE

In the short-run, the technological improvement is difficult and the inputs are constant supply not…

In the short run, the technological change will cause the price to fall from P₂ to P₂- In the short run, the technological change will cause the price to rise from P₁ to P3. In the short run after the technological change U.S. firms will produce q₁ units of the good. US 6 All

In the short run, the technological change will cause the price to fall from P₂ to P₂- In the short run, the technological change will cause the price to rise from P₁ to P3. In the short run after the technological change U.S. firms will produce q₁ units of the good. US 6 All

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please decide which options are true or false. Thanks!

Consider how the short run change in price affects firm's
ouput.
S
fit=
Wa
K
A
P
Qupt
In the short run, the technological change will cause the price to
fall from P₁ to P₂.
In the short run, the technological change will cause the price to
rise from P₁ to P₁.
In the short run after the technological change U.S. firms will
produce q₁ units of the good.
In the short run after the technological change U.S. firms will
produce q₂ units of the good.
In the short run after the technological change U.S. firms will
produce q3 units of the good.
In the short run after the technological change U.S. firms will
produce q4 units of the good.
In the short run after the technological change firms in the Rest
of the World will produce q5 units of the good.
In the short run after the technological change firms in the Rest
of the World will produce q6 units of the good.
In the short run after the technological change firms in the Rest
of the World will produce q7 units of the good.
In the short run after the technological change firms in the Rest
of the World will produce qe units of the good.
In the short run after the technological change U.S. firms will
shut down.
In the short run after the technological change firms in the Rest
of the World will shut down.
5
AVE

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