[Solved] Suppose that a firm's output increases from 525 to 625 units and its total cost increases from $57,750 to $75,000, and if the price of inputs and
Question: Suppose that a firm's output increases from 525 to 625 units and its total cost increases from $57,750 to $75,000, and if the price of inputs and technology remain unchanged, is the firm operating in the downward sloping or upward sloping part of the long-run average cost curve?
(2 marks)
Deliverable: Word Document 
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