If a technological advance reduces the amount of variable resources needed to produce any level of output, then the

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02-07-2021
Business

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If a technological advance reduces the amount of variable resources needed to produce any level of output, then the

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-07-03T21:26:15-04:00

topeadeniran2 topeadeniran2

03-07-2021

Answer: Marginal Cost curve will shift downward

Explanation:

In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.

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