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:

Stored

A term referring to the state of being kept or saved for future use, particularly in the context of energy, information, or materials.

Multiple Sclerosis

A chronic autoimmune disease where the immune system attacks the protective covering of nerves, disrupting communication between the brain and the rest of the body.

White Blood Cells

Cells of the immune system involved in defending the body against both infectious disease and foreign materials.

Myelin

Fatty material produced by neuroglial cells; insulates axons and thus speeds conduction of action potentials.