=+c. During its existence, the firm has produced a total of 40,000 computers and is producing 10,000

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=+c. During its existence, the firm has produced a total of 40,000 computers and is producing 10,000 computers this year. Next year it plans to increase production to 12,000 computers. Will its average cost of production increase or decrease?

Explain.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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