A Rise in the Price of a Fixed Input Shifts

question 45

Multiple Choice

A rise in the price of a fixed input shifts a firm's

• A)average variable cost curve upward.
• B)average total cost curve upward.
• C)average total cost curve downward.
• D)marginal cost curve upward.
• E)marginal cost curve downward.

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Definitions:

CSR Activities

Initiatives undertaken by a company to assess and take responsibility for its effects on environmental and social wellbeing, often going beyond legal requirements.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Sustainability Reporting Standards

Guidelines and frameworks for companies to report environmental, social, and governance (ESG) impacts and performance to stakeholders.