Yielded zero units of additional satisfaction

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Q1. The cost of producing flat-screen TVs has fallen over the past several decades. Using the supply also demand model, explain the effect of the falling production costs on the price also quantity of flat screen TVs sold. Explain Illustrate what occurs to consumer also producer surplus as a result of the shift in supply. Assume the supply of flat-screen TVs is very elastic, who benefits the most from falling production costs - consumers or producers of these TVs? Explain.

Q. Assume you just finished your third plateful of Thanksgiving dinner also it yielded zero units of additional satisfaction. Should you go back for more?

Reference no: EM1320807

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