Asked by whhgn
Evaluate the following statement:
“A given output of wheat will be produced at least cost if the output is divided among
farms in such a way that the average cost of production is exactly the same on all
farms.”
At a minimum, the presence of fixed costs will make the statement false.
“A given output of wheat will be produced at least cost if the output is divided among
farms in such a way that the average cost of production is exactly the same on all
farms.”
At a minimum, the presence of fixed costs will make the statement false.
Answers
Answered by
Woorm
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