Bo bakes muffins that he sells at the local farmer's market. If he purchases a new convection oven that reduces the costs of baking muffins, the

Question

Quizplus · Accepted Answer

A reduction in the costs of baking muffins, due to the new convection oven, makes it cheaper and possibly faster for Bo to produce muffins. This would likely increase the quantity of muffins he is willing and able to supply at any given price, hence increasing the supply of Bo's muffins.

Bo Bakes Muffins That He Sells at the Local Farmer's