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wrote...
Posts: 139
2 months ago
Whenever an input makes up a large percentage of a good's final cost, an increase in that input's price will

• cause the firm to shutdown.

• affect total cost relatively more.

• not affect total revenues.

• affect only accounting profits.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Posts: 161
2 months ago
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affect total cost relatively more.
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