An Improvement In Production Technology Will
An Improvement In Production Technology Will. You can only go from A to B if you know where A is to begin with. You can optimize your production processes in any one of several ways.
Find step-by-step Economics solutions and your answer to the following textbook question: An improvement in production technology will: a. increase equilibrium price. b. shift the supply curve to the left. c. shift the supply curve to the right. d. shift the demand curve to the left.
Shift the supply curve to the left. d.
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Production improvement function and corporate operational efficiency
Set Clear Goals And Keep It Simple. This means that technology is able to ensure time is used in the best manner possible by cutting down production times and automating tedious as well as time-consuming tasks. An improvement in production technology will reduce the cost of production and as a result, the profit margin for the producers will increase.
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Sean Lightfoot
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