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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1303 |
Essay's paper body
In order to draw the line as a horizontal one (rather than positively sloped), we would have to know that this industry is a "constant cost" industry. A constant cost industry is one in which the price of the inputs do not rise as the industry expands (therefore, the cost of its inputs remain constant)...
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In order to draw the line as a horizontal one (rather than positively sloped), we would have to know that this industry is a "constant cost" industry. A constant cost industry is one in which the price of the inputs do not rise as the industry expands (therefore, the cost of its inputs remain constant)...
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General points of the essay
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