Multiple Choice
A street vendor's annual license fee was recently increased by the city. The street vendor's:
A) marginal cost curve will shift out, along with her average variable cost curve.
B) marginal cost curve will shift in, along with her average variable cost curve.
C) marginal and average variable cost curves will not be affected.
D) total variable cost curve will rotate upward.
Correct Answer:
Verified
Correct Answer:
Verified
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