For a Price Taker,if the Price of a Fixed Factor

question 77

Multiple Choice

For a price taker,if the price of a fixed factor of production decreases,

• A) the profit-maximizing level of output falls.
• B) the profit of the firm becomes larger or its loss becomes smaller.
• C) the profit-maximizing level of output rises.
• D) marginal cost falls.
• E) price falls.

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Definitions:

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