A significant decrease in the price of a variable input causes the:
A)marginal,average,and total cost curves to shift downward.
B)average total cost curve to shift downward,causing a fall in output.
C)average variable cost curve to shift downward while leaving the output level unchanged.
D)marginal cost curve to shift downward.

Question

Quizplus · Accepted Answer

The Answer of A significant decrease in the price of a variable input causes the:
A)marginal,average,and total cost curves to shift downward.
B)average total cost curve to shift downward,causing a fall in output.
C)average variable cost curve to shift downward while leaving the output level unchanged.
D)marginal cost curve to shift downward.

A Significant Decrease in the Price of a Variable Input