Use the following to answer questions :
Figure 7A-2
-In Figure 7A-2 the shift in the total cost curve from AB to AC was caused by:
A)an increase in land prices to $4.
B)a decrease in land prices to $1.
C)an increase in wages to $2.
D)a decrease in wages to $2.
E)none of the above.

Question

Use the following to answer questions :
Figure 7A-2 
-In Figure 7A-2 the shift in the total cost curve from AB to AC was caused by:
A)an increase in land prices to $4. 
B)a decrease in land prices to $1. 
C)an increase in wages to $2. 
D)a decrease in wages to $2. 
E)none of the above.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Figure 7A-2 
-In Figure 7A-2 the shift in the total cost curve from AB to AC was caused by:
A)an increase in land prices to $4. 
B)a decrease in land prices to $1. 
C)an increase in wages to $2. 
D)a decrease in wages to $2. 
E)none of the above.

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