Why do we assume that the prices of inputs are constant when we draw a firms cost

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Why do we assume that the prices of inputs are constant when we draw a firm’s cost curves? How does a change in the price of an input affect the AC and MC curves?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:25 AM

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Why do we assume that the prices of inputs are constant when we draw a firms cost

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We assume the prices of inputs are constant along a cost curve ...View the full answer

Microeconomics Theory and Applications

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