Multiple Choice
A significant decrease in the price of a variable input causes the:
A) marginal,average,and total cost curves to shift downward.
B) average total cost curve to shift downward,causing a fall in output.
C) average variable cost curve to shift downward while leaving the output level unchanged.
D) marginal cost curve to shift downward.
Correct Answer:
Verified
Correct Answer:
Verified
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