Learning Contents:                                                               ·              Impact of adopting a new or advanced technology on the supply of the firm. ·              Impact of continuing with an old or outdated technology on the supply of the firm. Technological improvements transform the way goods are usually produced and consumed. With technological improvements, firms can create new, innovated or improved goods and services which not only will increase firm’s production or supply but profits too. In simple words, firms can increase the supply of goods and ...