\A new technique of-production reduces the marginal cost of producing stainless steel. How will this affect the supply curve of stainless steel utensils?
A reduction in marginal cost of stainless steel raises the supply of stainless steel. When the supply of stainless steel increases, the supply of goods using . stainless steel as the raw material shall also increase, because their cost of production will also fall, implying that the supply curve of stainless steel utensils will shift to the right.