Technological advancement influencing supply
Describe how technological advancement influence the supply of specific product.
Expert
Technological advancement brings a positive impact in the supply of a specific product. It reduces or decreases per unit cost and raise the productivity of given factors of production. Due to such reasons production of given product becomes more gainful.
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A price hike $4 to $5 per slice of pizza because of total revenue to: (w) fall. (x) remain constant. (y) rise. (z) this is not possible to tell from such data. Discover Q & A Leading Solution Library Avail More Than 1458513 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1933095 Asked 3,689 Active Tutors 1458513 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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