If a Technological Change Reduced the Amount of the Variable

question 155

Multiple Choice

If a technological change reduced the amount of the variable input needed by a firm to produce a unit of output:

• A) its AVC curve would shift down.
• B) its ATC curve would shift down.
• C) its MC curve would shift down.
• D) All of the above would occur.

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Definitions:

Early-Life Adversity

Profound and pervasive deprivation experienced during infancy, often resulting in severe developmental delays.

Brain Stem

The base of the brain, which controls such elementary reactions as blinking and sucking, as well as such vital functions as breathing and sleeping.

Developmental Surge

Refers to periods of rapid growth or advancement in physical, cognitive, or emotional development during childhood or adolescence.

Prefrontal Cortex

The part of the cortex that is located directly behind the forehead and is important to the development of voluntary behaviors.