Technological Improvements Shift the Average Total Cost Curve and the Marginal

question 105

True/False

Technological improvements shift the average total cost curve and the marginal cost curve downward.

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Definitions:

Cable

in finance, refers to the GBP/USD exchange rate in forex trading; in telecommunications, it refers to insulated wire or wires having a protective casing used for transmission of electricity or telecommunication signals.

Electronic Platform

A digital framework or environment that enables various types of online interactions or transactions between users or entities.

X-Road

A digital infrastructure framework that enables secure cross-border data exchanges between governmental, public, and private sector entities.

Shipping Container Standardization

The process of standardizing the size and specifications of shipping containers for efficiency and interoperability in global trade and transportation.