Capital expansion can be shown as a shift in the average total curve.
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Q123: An expansion of capital increases fixed costs
Q124: Capital expansion causes the average total cost
Q125: When comparing countries with big labor supplies
Q126: Explain what happens to variable costs when
Q127: If the price of capital rises, the
Q129: The long-run average total cost curve is
Q130: Explain what happens to the average total
Q131: The price of labor relative to capital
Q132: In the long run, a firm can
Q133: Long-run average cost and short-run average cost
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