Multiple Choice
A manager invests $400,000 in a technology to reduce overall costs of production.The company managed to reduce their cost per unit from $2 to $1.85.Ceteris peribus,if the firm continues its production in the same economic environment,the firms accounting profits should
A) increase
B) decrease
C) stay the same
D) does not affect profits
Correct Answer:
Verified
Correct Answer:
Verified
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