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May 22, 2015

Homework Help: Managerial Econmics

Posted by Roger on Sunday, October 31, 2010 at 2:16pm.

Suppose you own a home remodeling company. You are currently earning short- run profits. The home remodeling industry is an increasing- cost industry. In the long run, what do you expect will happen to …
a. …your firm’s costs of production? Explain.
b. …the price you can charge for your remodeling services? Why?
c. …profits in home remodeling? Why?

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