Multiple Choice
A technological innovation that reduces a firm's cost of producing additional units of output will lead to:
A) an increase in the quantity supplied by the firm, but no change in the firm's supply.
B) an increase in the firm's supply.
C) a decrease in the quantity supplied by the firm, but no change in the firm's supply.
D) a decrease in the firm's supply.
Correct Answer:
Verified
Correct Answer:
Verified
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