If wages a firm pays it workers increase, then
A) the firm's long-run average cost curve shifts upward.
B) the firm moves rightward along its long-run average cost curve to where it has diseconomies of scale.
C) the firm's long-run average cost curve does not shift and there is no movement along the long-run average cost curve.
D) the firm moves rightward along its long-run average cost curve but not necessarily to where it has diseconomies of scale.
A
You might also like to view...
There is no market failure if
A. the marginal private cost curve is upward sloping. B. the demand curve (for a good or service) is downward sloping. C. the demand curve lies about the marginal private cost curve. D. marginal private costs are greater than the external costs associated with a negative externality. E. none of the above
Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers
What will be an ideal response?
Refer to Table 15.3. Based on the data in the table, the primary budget deficit necessary to make fiscal policy sustainable in Cordelia is ________ of GDP
A) -1.5% B) 0% C) 1.5% D) 14.6%
For each level of government (federal, state and local) list the most important source of tax revenue
What will be an ideal response?