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Which of the following is true if a firm has indivisible inputs?

nguyenduong67

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Which of the following is true if a firm has indivisible inputs?

Which of the following is true if a firm has indivisible inputs?
A) The long-run fixed cost curve is downward sloping at lower levels of output.
B) The long-run average cost curve is downward sloping at lower levels of output.
C) The long-run marginal cost curve is downward sloping at lower levels of output.
D) The long-run total cost curve is downward sloping at lower levels of output.

Textbook

Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

Read 75 times

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