Which of the following can we learn by looking at a firm's short-run costs?

Question

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Looking at a firm's short-run costs can help us determine the cost-minimizing level of output. This is because short-run costs only take into account variable costs, which can be adjusted to minimize total costs. The profit-maximizing level of output, whether the firm will experience economies of scale, the optimal number of employees to hire, and whether the firm is earning economic profit cannot be determined solely by looking at short-run costs.

Which of the Following Can We Learn by Looking at a Firm's