A Change in Production Costs May Occur for Any of the Following

question 75

Multiple Choice

A change in production costs may occur for any of the following reasons except when

• A)new production technology is introduced.
• B)a new, cheaper, rival product is introduced.
• C)the price of an input falls.
• D)demand of other industries for a key input increases.
• E)the use of cost savings management is introduced.

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