ECO 561 Course Great Wisdom / tutorialrank.com ECO 561 Course Great Wisdom / tutorialrank.com | Page 25

10. The intersection of supply and demand will be at a lower
equilibrium price but a higher equilibrium quantity if
11. When a price ceiling occurs
12. Because the goals of firms, entrepreneurs, and workers have
different incentives, which of the following principles applies?
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ECO 561 Week 2 DQ 1 (UOP Course)
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Cost is a big issue with every company, and changing the technology
is the biggest cost for most companies, how your company was able
to cope with this problem and maintain the level of profit in a very
competitive market?
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ECO 561 Week 2 DQ 2 (UOP Course)
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Among the types of costs faced by a firm (short-run costs, fixed and
variable, as well as long-run costs), how can technology help firms to
lower their costs? What are some specific examples of how firms
have used technology to lower costs?
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