Question

If a more efficient technology was discovered by a firm, there would be 9) A) a downward shift in the AFC curve curve C) a downward shift in the MC curve curve B) an upward shift in the AVC D) an upward shift in the AFC

Answer 1

Answer:

The correct answer is C

Explanation:

MC curve stands for Marginal Cost Curve which states the relationship among the marginal or additional cost incurred by the company or firm in the short run product of service or good and the quantity of the product is produced.

And when the curve is downward shift, it means that there is technological change which lead to increase in the productivity and the cost curve downward.