Econmics Question: Technology makes frim produce more at a higher cost?
The question is Discuss how changes in technology impact price output and economic profit?
The answer in question is : At a lower cost firms are willing to supply agiven quantity at a reduced price or provide more of a product at a higher price.
How does technology make a firm provide more of a product at a higher price?
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.