(Answered) You are a producer of calculators in the market for

Economics

You are a producer of calculators. In the market for calculators, two events happened simultaneously last month. There was a fire at your calculator factory that eliminated half of your firm's production capability. At the same time, your compensation costs increased by 5% because of an annual pay raise you give your employees.

With these events happening simultaneously, which of the following is a consequence?

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Business Economics, Economics

Category:- Business Economics
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