Uncertain effect on the level of average cost

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Indicate whether each of the following involves an upward or downward shift in the long-run average cost curve or, instead, involves a leftward or rightward movement along a given curve. Also indicate whether each will have an increasing, decreasing or uncertain effect on the level of average cost.

A rise in wage rates.

A decline in output.

An energy-saving technical change.

A fall in interest rates.

An increase in learning or experience.

Reference no: EM131242605

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