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Unformatted text preview: x Is the supply curve when MC > AC Movement along Supply Curve vs. Shift of Supply Movement alon g: x Only if there is a change in the good’s price (shift of demand curve) Shift of suppl y, due to changes in: x Costs: o wages o dividend payments o raw materials x Technology o more productive machines o increased efficiency with which firm uses its inputs into its production Page 37...
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This note was uploaded on 12/29/2011 for the course ECO 311 taught by Professor Willis during the Fall '10 term at SUNY Stony Brook.
- Fall '10