Technological Change

question 94

Multiple Choice

Technological change:

• A) reduces average total cost without changing production techniques.
• B) reduces average total cost by changing production techniques.
• C) does not reduce average total cost but does change production techniques.
• D) reduces average total cost by expanding plant size.

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Definitions:

Alfred Lindesmith

A sociologist known for his studies on drug addiction and for being an early critic of the US drug policy.

Prescription Drug

A prescription drug is medication legally prescribed by a healthcare professional for a specific health condition.

OxyContin

A prescription opioid pain medication known for its potential for abuse and its role in the opioid addiction crisis.

Drug Abuse

The misuse of drugs or substances in a way that is harmful to the individual or society.