Multiple Choice
A local doughnut shop produces about 600 dozen doughnuts daily. If flour prices increase 20 percent
A) only marginal cost will shift up.
B) only marginal cost and average total cost will shift up.
C) marginal cost, average variable cost, and average total cost will shift up.
D) marginal cost, average total cost, and average fixed cost will shift up.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: Economists refer to historical costs (irreversible costs
Q47: Which of the following would shift a
Q48: Automobile companies typically make some of the
Q49: The difference between a firm's total revenues
Q50: Use the figure to answer the following
Q52: If a firm enlarges its factory size
Q53: Which of the following provides the strongest
Q54: When employment discrimination results from the personal
Q55: Suppose you are planning to open a
Q56: Which of the following about costs is