How does technological progress affect the supply curve of a firm?
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How does technological progress affect the supply curve of a firm?
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The supply curve of a company is a wonderful feature of a country of era. that is, if the technology to be had to the firm appreciates, more amount of output may be produced through the firm with the given ranges of capital and exertions. due to such improvements or technological improvements, the company will revel in decrease cost of manufacturing, that allows you to result in downward shift (to the right) of the MC curve. this may similarly cause rightward shift of the firm's supply curve. accordingly, because of the appreciation and development of production strategies, the company will produce more and more output a good way to be provided at a given marketplace fee. it may reason fall to the marginal price additionally.
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