Explain how the firm's total cost curve would change if the wage rate paid to the labors increases verses the effect when the firm's property taxes are doubled? What would happen to the firm's profits assuming the revenue does not change? What might the firm do in the long-run verses the short-run?

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The Answer of Explain how the firm's total cost curve would change if the wage rate paid to the labors increases verses the effect when the firm's property taxes are doubled? What would happen to the firm's profits assuming the revenue does not change? What might the firm do in the long-run verses the short-run?

Explain How the Firm's Total Cost Curve Would Change If