Answer: a) an increase in the Equilibrium price of "regular" cars.
Explanation:
It is stated that the automobile companies use their inputs to make either the <em>hybrid cars</em> or the <em>regular cars</em>.
If the price of the <em>Hybrid cars</em> rises sharply, Automobile companies will make more <em>Hybrid cars</em> so as to take advantage of the situation and make more profit.
This would reduce the amount of inputs that they have available for <em>regular cars</em> and so they will make less <em>regular cars. </em>
As this supply of <em>regular cars</em> decreases,the supply curve will shift to the left and the price will increase to cater for this reduction in supply.
Answer: Option(a) is correct.
Explanation:
Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.
In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.
Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.
Answer:
C is the correct answer to this question.
Answer:
Network architecture refers to the layout of the network, consisting of the hardware, software, connectivity, communication protocols, and mode of transmission (i,e. wired or wireless). This FAQ will introduce you to the concept.
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