Refer to the information provided in Figure 10.2 below to answer the questions that follow. Figure 10.2
-Refer to Figure 10.2. This firm's marginal cost curve has shifted from MC0 to MC1. A likely explanation for this is that
A) the productivity of a variable input declined.
B) the price of a variable input decreased.
C) the demand for the firm's product decreased.
D) the supply of a variable input decreased.

Question

Refer to the information provided in Figure 10.2 below to answer the questions that follow.  Figure 10.2
-Refer to Figure 10.2. This firm's marginal cost curve has shifted from MC0 to MC1. A likely explanation for this is that
A) the productivity of a variable input declined. 
B) the price of a variable input decreased. 
C) the demand for the firm's product decreased. 
D) the supply of a variable input decreased.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 10.2 below to answer the questions that follow.  Figure 10.2
-Refer to Figure 10.2. This firm's marginal cost curve has shifted from MC0 to MC1. A likely explanation for this is that
A) the productivity of a variable input declined. 
B) the price of a variable input decreased. 
C) the demand for the firm's product decreased. 
D) the supply of a variable input decreased.

Refer to the Information Provided in Figure 10