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Question 28

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Use the following to answer question:
Figure 8.13 Use the following to answer question: Figure 8.13 -(Figure 8.13) What could have caused the supply and average variable cost curves to shift outward? A) a decrease in average fixed costs B) a decrease in wages C) an increase in input prices D) an increase in rental payments or property taxes
-(Figure 8.13) What could have caused the supply and average variable cost curves to shift outward?


A) a decrease in average fixed costs
B) a decrease in wages
C) an increase in input prices
D) an increase in rental payments or property taxes

Correct Answer:

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