Chapter 21 AndChapter 20
...that come about through increases in the size (scale) of the plant. 8. How would your productivity in completing course work be measured? Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further? It could be measured in different ways but one example is that we be tested on the chapters we were told to study. Yes, since I college it has changed to work harder and be prepared. When my grades started to decline , because of the harder classes I was taking at the time. I will study more, by making and putting more time a side for me to study more efficiently Chapter 20 2. If the marginal utility of pizza never diminished, how many pizzas would you eat ? If the marginal utility never diminished I would eat the as many slices as I can or until my stomach would ache. 4. How would consumers adjust their behavior to a doubling of gasoline prices? How quickly would these adjustments be made? It takes time for people to adjust their behavior to changed prices. Consumers would still purchase gasoline because they can=t switch to electric cars. With more time to adjust, however, consumers can buy more fuel-efficient cars, relocate their homes or jobs, and even switch fuels. 6. Why is the demand for Canadian cigarettes so much more elastic than the overall market demand for cigarettes? The demand for Canadian cigarettes much more elastic because smuggling is flourishing again. The greater the availability of substitutes, the higher the price elasticity of demand. As the World view explains, smugglers quickly supplied a substit...