A local doughnut shop produces about 600 dozen doughnuts daily. If flour prices increase 20 percent
A) only marginal cost will shift up.
B) only marginal cost and average total cost will shift up.
C) marginal cost, average variable cost, and average total cost will shift up.
D) marginal cost, average total cost, and average fixed cost will shift up.
Correct Answer:
Verified
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