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Business, 04.04.2020 14:33 2019johnfranken

In the long run which of the following is true? The size of a firm's physical plant can be changed but the firm cannot adopt new technology. Total cost = fixed cost + variable cost. The firm can vary its explicit costs but not its implicit costs. There are no fixed costs.

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In the long run which of the following is true? The size of a firm's physical plant can be changed b...
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