radomes.openskiesproject.org
des40 des40
  • 08-05-2016
  • Social Studies
Answered

what effect will the increase in electricity price have on the manufacturing industry's output

Verified Answer :

andriansp andriansp
  • 16-05-2016

We count total cost of production by adding 

Total Variable Cost + Total Fixed Cost

And we count cost per output by dividing Total cost with total output

Increase in electricity price will lead to an increase in total Fixed Cost, which will Increase overall cost per output

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