If a more efficient technology was discovered by a firm, there would be: | Faculties

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Vikash Gupta

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📊 MicroEconomics, Theory and Applications 1

Q. If a more efficient technology was discovered by a firm, there would be:

(A) an upward shift in the avc curve
(B) a downward shift in the afc curve
(C) an upward shift in the afc curve
(D) a downward shift in the mc curve

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✅ Correct Answer: (D) a downward shift in the mc curve

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