-In a diagram,how is the effect of an increase in the price of a variable input illustrated?

Question

Quizplus · Accepted Answer

An increase in the price of a variable input increases the cost of production. This leads to an upward shift in the Marginal Cost (MC), Average Variable Cost (AVC), and Average Total Cost (ATC) curves, as it becomes more expensive to produce each additional unit. The Average Fixed Cost (AFC) curve does not shift because fixed costs do not change with the level of output.

-In a Diagram,how Is the Effect of an Increase in the Price