What does new technology generally do to production?
a) It lowers cost and decreases supply.
b) It lowers cost and increases supply.
c) It increases cost and decreases supply.
d) It has very little effect on production.
Could you please help me with these questions?



4 years ago Comment

B, Because the more you make, the more the cost will go down but that also means your going to have to have more material .