If a technological change reduced the amount of the variable ...

[notis]

If a technological change reduced the amount of the variable input needed by a firm to produce a unit of output:
 a. its AVC curve would shift down.
  b. its ATC curve would shift down.
  c. its MC curve would shift down.
  d. All of the above would occur.

Question 2

Stock prices often fail to correctly reflect complete information about a company in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

[zacnyjessica]

Answer to Question 1

d

Answer to Question 2

False