Economics of innovation: An example of an innovation that reduces fixed costs without changing marginal costs is:
o a robot
o a 3D printer
o cheaper machinery that uses the same amount of labour as the older (more expensive) one
o none of the above

Question

An example of an innovation that reduces fixed costs without changing marginal costs is:
o a robot
o a 3D printer
o cheaper machinery that uses the same amount of labour as the older (more expensive) one
o none of the above

Nasta Charniak · Accepted Answer

o cheaper machinery that uses the same amount of labour as the older (more expensive) one

Economics of innovation

An example of an innovation that reduces fixed costs without changing marginal costs is: o a robot o a 3D printer o cheaper machinery that uses the same amount of labour as the older (more expensive) one o none of the above

O cheaper machinery that uses the same amount of labour as the older (more expensive) one

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