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Firdavs [7]
3 years ago
5

What effect will the increase in electricity price have on the manufacturing industry's output

Social Studies
1 answer:
Sophie [7]3 years ago
6 0
We count total cost of production by adding 

Total Variable Cost + Total Fixed Cost

And we count cost per output by dividing Total cost with total output

Increase in electricity price will lead to an increase in total Fixed Cost, which will Increase overall cost per output
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