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Author Question: Suppose Jodi's widget business is using two inputs, labour and capital. If the price of labour ... (Read 21 times)

Hunchojack2019!!

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on: Oct 12, 2022
Suppose Jodi's widget business is using two inputs, labour and capital. If the price of labour increases, which of the following will happen?
◦ The firm's average total cost curve will shift upward.
◦ The firm's average fixed cost curve will shift upward.
◦ The firm's marginal cost curve will remain unchanged.
◦ Jodi will hire more labour.
◦ Jodi will shut down her business.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Hunchojack2019!! on Oct 12, 2022

Yermi196

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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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Hunchojack2019!!

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

FergA

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

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