Explain factors that cause a firms short-run average costs


Problem

Explain the factors that cause a firm's short-run average total costs initially to decline, but eventually to increase, as the rate of output rises.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain factors that cause a firms short-run average costs
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