The Impact of Technology on Production and Short-Run Curves

The Impact of engineering science on Production and Short-run Curves Technology is the knowledge of using tools and machines to do tasks more efficiently. We use applied science to control the world we live in. Since the art of making burn down and creating handcrafted tools, our civilization has come a long way. Technology immediately has a great importance on fruit signal. Every cash advance on applied science makes the production easier, quicker and at a low cost. Technology has a great impact on short-run curves by when technology advances then production of units testament increase. When technology advances so does the production of units increase which causes the number shifting cost, which is the costs that vary with the quantity produced, to decrease. Also as the production increases, the fixed cost is spread over more units, make the honest fixed cost to in like manner decrease. The decreasing average variable cost is reflected by advancement on technology such as machinery and computer technology. With the advancement of technology like a shot the decreasing variable cost is also reflected by the repulse by now machinery is replacing workers and or jobs. An example is the self-propelled industry twenty years ago was constructing automotives with workers and today is constructing automotives with robots.

By buying upstart technology and hiring fewer workers a bitty firm will receive more production of units on average. The amount of work and time required per unit of the output decreases, which decreases the average variable cost. The average total cost, which is the total of the average fixed cost and the average variable cost, will also decrease by when the output increases by the new technology and spreading the fixed cost. By advancement of technology for lowly quantities of output, the average variable cost decreases as output increase, because of the new technology increased its production with more output with less(prenominal) time and human labor. Spreading the fixed cost of a small amount of output by one... If you want to ride a full essay, order it on our website: Ordercustompaper.com

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