An increase in the cost of labour shifts the
A) total,average,and marginal product curves upward and total,average,and marginal cost curves upward.
B) total,average,and marginal product curves upward and total,average,and marginal cost curves downward.
C) total,average,and marginal product curves downward and total,average,and marginal cost curves upward.
D) total,average,and marginal product curves downward and total,average,and marginal cost curves downward.
E) none of the above
Correct Answer:
Verified
Q112: The average fixed cost curve slopes downward
Q113: If the ATC curve is rising then
Q114: Marginal cost
A)is constantly increasing,but as output increases
Q115: The AFC curve shifts upward if
A)factor prices
Q116: Total cost is $20 at 4 units
Q118: The average variable cost curve will shift
Q119: The marginal cost curve slopes downward at
Q120: A firm's total fixed cost is $100.If
Q121: Consider a graph that shows the total
Q122: If constant returns to scale are present,
A)average
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