=+c. Now consider an increase in the wage rate and suppose first that this causes the long-run

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=+c. Now consider an increase in the wage rate and suppose first that this causes the long-run AC curve to shift up without changing the output level at which the curve reaches its lowest point.

In this case, can you predict whether the number of firms increases or decreases?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 05, 2024 02:00 AM

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=+c. Now consider an increase in the wage rate and suppose first that this causes the long-run

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Microeconomics An Intuitive Approach With Calculus

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