A change in the wage rate paid to the variable factor (labor)will shift the ________.

Name: A change in the wage rate paid to the variable factor (labor)will shift the ________.
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Question

Quizplus · Accepted Answer

A change in the wage rate paid to the variable factor (labor) will impact the cost of production, which will lead to shifts in the average total cost (ATC) curve, average variable cost (AVC) curve and marginal cost (MC) curve. Therefore, the correct option is D, i.e., ATC, AVC, and MC curves.

A Change in the Wage Rate Paid to the Variable