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goblinko [34]
4 years ago
13

Which curves are affected when the price of capital changes

Advanced Placement (AP)
1 answer:
kramer4 years ago
6 0

Answer:

If a technological change results in the firm using more capital, the average fixed cost curve shifts upward and at low levels of output, the average total cost curve may shift upward. At large output levels, average total cost decreases.

Explanation:

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