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Author Question: Consider a firm's short-run cost curves. When capital is a fixed factor, a rise in the cost of labour (Read 50 times)

lrhoads

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on: Oct 12, 2022

Question 1

Consider a firm's short-run cost curves. If the firm's marginal cost is rising, we know that
◦ average variable cost must be rising.
◦ marginal product must be falling.
◦ marginal product must be zero.
◦ average total cost must be rising.
◦ average fixed cost must be rising.

Question 2

Consider a firm's short-run cost curves. When capital is a fixed factor, a rise in the cost of labour
◦ shifts the AVC curve down.
◦ leaves the ATC curve unchanged.
◦ leaves the MC curve unchanged.
◦ shifts the marginal cost curve upwards.
◦ shifts the total product curve downwards.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lrhoads on Oct 12, 2022

mamboz

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Oct 12, 2022
Wow, this really help

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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