A technological advance in the production of sour cream will cause the short- run average total cost curves for sour cream to shift _______ and the long- run average cost curve to shift_______ .

Question

Quizplus · Accepted Answer

A technological advance in the production of sour cream would make production more efficient, reducing costs in both the short run and the long run, hence both curves would shift downward.

A Technological Advance in the Production of Sour Cream Will