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    Economics-Microeconomics
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    Exam 11: Output and Costs
  5. Question
    A Decrease in the Price of a Fixed Factor of Production
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A Decrease in the Price of a Fixed Factor of Production

Question 486

Question 486

Multiple Choice

A decrease in the price of a fixed factor of production decreases total cost and


A) increases marginal cost.
B) leaves marginal cost unchanged.
C) decreases marginal cost.
D) increases variable cost.

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