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(9, 3) thx The curves represent average total cost curves (ATC) for Cost ($) Widgets R Us, a manufacturer of high-quality widgets. The company is

(9, 3) thx

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The curves represent average total cost curves (ATC) for Cost ($) Widgets R Us, a manufacturer of high-quality widgets. The company is currently facing costs illustrated by ATC 1. ATC 3 Suppose that a technological advance occurs. After this change, which of the three curves is most likely ATC I to represent the costs for Widgets R Us? O ATC 1 O ATC 2 ATC 2 ATC 3 O cannot be determined Quantity of output Which change would most likely result in a technological advance? O 3-D printing cuts the time, labor and waste in widget production. O There is sharp volatility in the price of widgets. O The government bans the use of high-sulfur widget

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