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spruckj spruckj
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5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wasanwasan
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5 years ago
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spruckj Author
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5 years ago
Helped a lot
zbmallo3
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Yesterday
this is exactly what I needed
7.prime7105
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2 hours ago
Good timing, thanks!
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