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Author Question: A firm making roller-blades estimates that whenever it doubles labour, capital and any other inputs ... (Read 34 times)

faduma

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on: May 25, 2020

Question 1

How are the ideas of implicit cost and opportunity cost connected?

Question 2

A firm making roller-blades estimates that whenever it doubles labour, capital and any other inputs in the long run, its output also doubles. Assuming input prices do not increase or decrease as the firm expands, what will the firm's long-run average total cost curve look like?
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by faduma on May 25, 2020

lcapri7

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Reply #1 on: May 25, 2020
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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faduma

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
Wow, this really help

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