Business, 04.07.2021 18:00 iiheartshay
Suppose that a firm's output increases from 525 to 625 units and its total cost increases
from $57,750 to $75,000, and if the price of inputs and technology remain unchanged, is
the firm operating in the downward sloping or upward sloping part of the long-run
average cost curve?
Answers: 2
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Suppose that a firm's output increases from 525 to 625 units and its total cost increases
from $57,...
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