divitshah divitshah

17-07-2020
Advanced Placement (AP)

contestada

which curves are affected when the price of capital changes

Respuesta :

sabasameem99 sabasameem99

24-07-2020

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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