A new technique of production reduces the marginal cost of producing stain less steel How will this effect the - Economics - The Theory of The Firm Under Perfect Competition

Question

A new technique of production reduces the marginal cost of
producing stain less steel How will this effect the supply curve of
stainless steel utensils?

Vanita Rana · Accepted Answer

As with the new technology the marginal cost of producing stainless
steel falls, its supply increases This is represented by a parallel
rightward shift of the supply curve

A new technique of production reduces the marginal cost of producing stain less steel. How will this effect the supply curve of stainless steel utensils?