Problem
(Wall Street Journal) A firm's cost curves are based on the prices of the inputs it uses and on the firm's technology. Technology is the way the inputs are combined to produce a product. The "Technology" column in the Marketplace section of the Wall Street Journal describes many in teresting technological innovations. Pick one and see if you can determine how it might affect a firm's cost curves. Will it cause one resource to be substituted for another? Try to guess both the short-run and long-run effects.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.