Output prices are irrelevant for a firm as it is calculating its cost curves.
Answer the following statement true (T) or false (F)
True
Rationale: All that matters for costs are input prices.
Economics
You might also like to view...
Are credit cards and debit cards money? What's the difference between credit and debit cards?
Economics
Which of the following is a market imperfection that might explain persistent wage differentials within an occupation?
A. Movement of labor from lower-wage to higher-wage jobs. B. Readily available information about job opportunities and pay. C. Principal-agent problems. D. Discrimination.
Economics