If a Price Taker Experiences an Increase in the Cost

question 90

Multiple Choice

If a price taker experiences an increase in the cost of a fixed factor of production,it will

• A) increase output.
• B) raise its price.
• C) decrease output.
• D) lower its price.
• E) leave its output decision unchanged.

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Definitions:

Rounds

Repeated sequences or stages of activity, often used in the context of funding phases for startups.

Joint Ventures

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Host Country Nationals

Host country nationals are individuals who are citizens of the country where a foreign subsidiary or operation is located, often employed by the subsidiary.

Least-Preferred

Refers to the option or choice that is viewed as the least favorable or desirable among a set of alternatives.