Question::

By using the following Concept :

distinguish between costs and output decisions in the short and long run

Interpret the different types of cost curves

apply the diagrammatic approach in discussing the variouscost curves

analyzehow firms choose how much to produce given their cost

apply concepts of Economies and Diseconomies of Scale

The circuit breaker measures implemented by the government in response to covid 19 imposed a limit on the number of workers in all F&B outlets. This will cause the marginal cost of each F&B outlet to decrease given the reduction in the number of workers?"