Answer :
ngoc 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 supply of ngoc's muffins will increase.
A firm's earnings increase if its production expenses decrease while the costs of the goods or services it produces stay constant. A company is more driven to generate output (goods or services) when its earnings rise since the more it produces, the more profit it will make. Therefore, a company will often supply a higher amount at any given price for its products when production costs decline.
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