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Indicate weather each of the following involves an upward or downward shift in the long-run average cost curve or, instead, involves a leftward or rightward movement a long a given curve. Also indicate whether each will have an increasing, decreasing, or uncertain effect on the level average cost.

A. A rise in wage rates
B. A decline in output
C. An energy- saving technical change
D. An increase in learning or experience.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948934

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