Answer:
a) a downward shift in the AFC curve
Explanation:
AFC = Average Fixed Cost, AVC = Average Variable Cost, MC = Marginal Cost
Average Fixed Cost is defined as the fixed cost of production divided by the quantity produced. Mathematically given as:
Average Fixed Cost = Fixed Cost ÷ Quantity
AVC = FC ÷ Q
Average Variable Cost is defined as the variable cost of production divided by the quantity produced. Mathematically given as:
AFC = VC ÷ Q
Marginal Cost is defined as the cost incurred for an additional unit to be produced. Mathematically given as:
MC = ΔC ÷ ΔQ
The firm discovered a more efficient technology implies that the cost of production is reduced. The result of this is that the fixed cost (FC) is reduced and consequently, the AFC is reduced as well. Hence, the AFC curve shifts downward. We therefore see that a reduction in fixed costs (due to the discovery of a more efficient technology) results in the AFC curve shifting downwards
<u>Hence, Option A (a downward shift in the AFC curve) is the correct answer </u>
Answer:
The Correct Option is D: a standardization of education, language, texts, and Church liturgy
Explanation:
The Carolingian Renaissance was a time in the Middle Ages that had a significant impact on Arts, language, Church lithurgy, and education. It also revived scholarships. Before this time, education was reserved for a small group of people, but the Carolingian Renaissance saw a change in education and made it to become more standardized and attainable.
Answer:
A facility that will make you wanna do things that you wouldn't. This place will drive you insane, please shoot me
