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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For [...] industry, as industry output increases, input (factor) prices decrease as the industry demand for inputs increases. This results in a negatively sloped long-run industry supply curve.
Answer
a decreasing-cost

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For [...] industry, as industry output increases, input (factor) prices decrease as the industry demand for inputs increases. This results in a negatively sloped long-run industry supply curve.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For [...] industry, as industry output increases, input (factor) prices decrease as the industry demand for inputs increases. This results in a negatively sloped long-run industry supply curve.
Answer
a decreasing-cost
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For a decreasing-cost industry, as industry output increases, input (factor) prices decrease as the industry demand for inputs increases. This results in a negatively sloped long-run indust

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p89

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