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

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Question:

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

A.

An upward shift in the AVC curve.

B.

An upward shift in the AFC curve.

C.

A downward shift in the AFC curve.

D.

A downward shift in the MC curve.

Answer» d. A downward shift in the MC curve.

Note: The above multiple-choice question is for all general and Competitive Exams in India.