If a firm improves its production method, this change will shift the firm's
A)total product curve downward.
B)average cost curve downward.
C)average cost curve upward.
D)marginal cost curve upward.

Question

Quizplus · Accepted Answer

Improving a production method typically increases efficiency, leading to lower costs per unit of output. This is reflected in a downward shift of the average cost curve.

If a Firm Improves Its Production Method, This Change Will