A technological advance in the production of humidifiers will cause the short- run average total costs to produce humidifiers to and the long- run average costs to _______.

Question

Quizplus · Accepted Answer

A technological advance in the production of humidifiers would make the production process more efficient, leading to a decrease in both short-run and long-run average total costs.

A Technological Advance in the Production of Humidifiers Will Cause