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    Principles of Microeconomics Study Set 1
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    Exam 13: The Costs of Production
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    Figure 13-1 -Refer to Figure 13-1. Suppose the Production Function Shifts from Function
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Figure 13-1 -Refer to Figure 13-1. Suppose the Production Function Shifts from Function

Question 61

Question 61

Multiple Choice

Figure 13-1 Figure 13-1   -Refer to Figure 13-1. Suppose the production function shifts from TP2 to TP1. Such a shift in the total product curve is most likely due to a decrease in the firm's A)  costs of production. B)  product price. C)  market share. D)  productivity.
-Refer to Figure 13-1. Suppose the production function shifts from TP2 to TP1. Such a shift in the total product curve is most likely due to a decrease in the firm's


A) costs of production.
B) product price.
C) market share.
D) productivity.

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