Economy, asked by julekhjulu315, 1 month ago

if a more efficient technology was discovered by a firm there would be:

Answers

Answered by wajahatkincsem

0

If a more efficient technology was discovered by a firm there would be a downward shift in the MC curve.

Why would there be a downward curve?

MC curve means "Marginal Cost" curve.
New technology will reduce the cost of labor per additional unit of output.
It will be due to an increase in efficiency, resulting in a downward shift of the MC curve.

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