If scientific research produces a technological breakthrough in the production of computer memory, then Select one a. business costs will increase, profits will fall, and production will decrease. b. business costs will fall, but profits will also fall, and production will decrease. c business costs will fall, profits will improve, and production will increase. d. profits will increase, allowing businesses to cut back production.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter1: What Is Economics
Section1.1: The Basic Problem In Economics
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If scientific research produces a technological breakthrough in the production of
computer memory, then
Select one
a. business costs will increase, profits will fall, and production will decrease.
b. business costs will fall, but profits will also fall, and production will decrease.
c business costs will fall, profits will improve, and production will increase.
d. profits will increase, allowing businesses to cut back production.
Transcribed Image Text:If scientific research produces a technological breakthrough in the production of computer memory, then Select one a. business costs will increase, profits will fall, and production will decrease. b. business costs will fall, but profits will also fall, and production will decrease. c business costs will fall, profits will improve, and production will increase. d. profits will increase, allowing businesses to cut back production.
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