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2 years ago

When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter

Business

2 answers:

zaharov [31]2 years ago

7 0

Answer:

The correct answer is: shifted to the right.

Explanation:

The shift in the supply curve: changes in production costs and related factors can cause an entire supply curve to shift to the right or to the left. This causes a greater or lesser amount to be offered at different prices.

When a company discovers a new technology that allows it to produce at a lower cost, the supply curve also shifts to the right. For example, in the 1960s, a great scientific discovery called the Green Revolution focused on growing improved seeds for basic crops such as wheat and rice. In the early 1990s, more than two thirds of wheat and rice in many low-income countries were grown with these seeds of the Green Revolution, and the harvest was twice as large per hectare. A technological advance that reduces production costs will shift supply to the right, which will cause more to occur at different prices.

stellarik [79]2 years ago

5 0

Answer:

shifted to the right

Explanation:

the supply curve for peanut butter shifted to the right

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Nuetrik [128]

Answer:

Freight Forwarder

Explanation:

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3 years ago

To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current ye

Makovka662 [10]

Answer:

the prior year's amount

Explanation:

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2 years ago

A consumer equilibrium is a situation in which a consumer has allocated _____ of her income in a way that _____. A. all; maxi

ludmilkaskok [199]

Answer:

The correct answer is (D) all, maximizes her total utility.

Explanation:

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3 years ago

Read 2 more answers

____ are spending by the government on goods, services, and factors of production.

AlladinOne [14]

Answer:

The correct words for the blank spaces are: Government purchases; Government Expenditures.

Explanation:

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3 years ago

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miv72 [106K]

Answer:

Incase of any emergency like an accident 5hey can support you

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2 years ago