Ask Question
15 December, 16:47

Ashley bakes bread that she sells at the local farmer's market. If she purchases a new convection oven that reduces the costs of baking bread, the a. supply curve for Ashley's bread will increase. b. supply curve for Ashley's bread will decrease. c. demand curve for Ashley's bread will increase. d. demand curve for Ashley's bread will decrease.

+5
Answers (1)
  1. 15 December, 17:03
    0
    Option "A" is the correct answer to the following statement.

    Explanation:

    If Ashley Purchase a new convection oven, she will save her opportunity cost by reducing her baking cost and will get the extra benefit of re-invest this opportunity cost, she will provide more supply to her consumers.

    So, if Ashley purchases a new Convection oven, her supply curve will be rise because she will provide more supply.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ashley bakes bread that she sells at the local farmer's market. If she purchases a new convection oven that reduces the costs of baking ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers