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B. You're the manager of a firm producing smartphones and your Research & Development department discovers new technology for making efficiently. Explain in a few

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B. You're the manager of a firm producing smartphones and your Research & Development department discovers new technology for making efficiently. Explain in a few sentences and using a graph how the discovery of the new technology affects the firm's supply curve of smartphones. C. Suppose there is recession and income per capita declines. Use supply-and-demand diagrams to illustrate the qualitative effect of the recession on the avocado market

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