Explain why an increase in the price of an input typically causes an increase in the long-run

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Explain why an increase in the price of an input typically causes an increase in the long-run total cost of producing any particular level of output.

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:55 AM

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Explain why an increase in the price of an input typically causes an increase in the long-run

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Microeconomics

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