If the wages a firm pays it workers increase then
A) the firm's long- run average cost curve does not shift and there is no movement along the long- run average cost curve.
B) the firm moves rightward along its long- run average cost curve but not necessarily to where it has diseconomies of scale.
C) the firm moves rightward along its long- run average cost curve to where it has diseconomies of scale.
D) the firm's long- run average cost curve shifts upward.
Correct Answer:
Verified
Q130: Any method of producing a good or
Q131: Q132: Economies of scale refer to Q133: Economic depreciation is the Q134: A company could produce 100 units of Q135: Marginal cost is equal to Q137: Which of the following are two components Q138: The long run is a time frame Q139: A decrease in the price of a Q140: ![]()
A) a feature
A) firm's opportunity cost
A) output divided![]()
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