What will be the effect of an increase of per unit variable

Reference no: EM13220811

Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry ouput, the short-run ouput of he firm, and he shor-run profit of the firm?

Reference no: EM13220811

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