Asked by Hydie
4. Explain how each of the following events will affect the average and marginal cost
curves of a firm :
a) a decrease in labour rate; b) an increase in rent for a facility;
c) stricter environmental regulation requiring installation of scrubbers on smokestacks;
d) a decrease in cost of utilities; e) a decrease in learning on the part of labour.
curves of a firm :
a) a decrease in labour rate; b) an increase in rent for a facility;
c) stricter environmental regulation requiring installation of scrubbers on smokestacks;
d) a decrease in cost of utilities; e) a decrease in learning on the part of labour.
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