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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For a constant-cost industry, the price of resources [...] as industry output expands, resulting in a horizontal long-run industry supply curve.
Answer
does not change

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For a constant-cost industry, the price of resources [...] as industry output expands, resulting in a horizontal long-run industry supply curve.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For a constant-cost industry, the price of resources [...] as industry output expands, resulting in a horizontal long-run industry supply curve.
Answer
does not change
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For a constant-cost industry, the price of resources does not change as industry output expands, resulting in a horizontal long-run industry supply curve.

Original toplevel document (pdf)

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

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statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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