The correct answer is letter B
Explanation: If the producer expects the price of the product to increase in the future, he tends to offer less today to make a greater profit in the future. The supply curve is positively sloped, because when the price of the good increases, the quantity offered also increases.
I need help will you help me plz
Answer:
The correct answer is A)The firm is technologically inefficient and also economically inefficient
Explanation:
It is technologically inefficient because it is using 12 units of capital to produce 100 units of output, when it could only use 8 units of capital to produce the same output. In other words, it is using more capital than it has to, and that is a sign of technological inefficiency.
It is also economically inefficient because it is pouring more money ($150) to produce output, than it has to ($120).
