Multiple Choice
Figure 8.5.2
-Higher input prices result in:
A) upward shifts of MC and reductions in output.
B) upward shifts of MC and increases in output.
C) downward shifts of MC and reductions in output.
D) downward shifts of MC and increases in output.
E) increased demand for the good the input is used for.
Correct Answer:

Verified
Correct Answer:
Verified
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