【单选题】If firm1 has reduced costs by developing technologies, firm1 has increased costs for other reasons, and eventually the marginal costs of both companies is $4. Both companies have the same cost mix (la...
【单选题】A producer is hiring 20 units of labor and 6 units of capital (bundle A). The price of labor is $10, the price of capital is $2, and at A, the marginal products of labor and capital are both equal to...
A.
cost remains constant and output increases by 20 units
B.
cost remains constant and output decreases by 20 units