Consider a Firm's Short- Run Cost Curves

question 78

Multiple Choice

Consider a firm's short- run cost curves.When capital is a fixed factor,a rise in the cost of labour

• A)shifts the marginal cost curve upwards.
• B)shifts the AVC curve down.
• C)leaves the MC curve unchanged.
• D)shifts the total product curve downwards.
• E)leaves the ATC curve unchanged.

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Definitions:

Environmental Risk

The potential for environmental damage or adverse health effects resulting from exposure to environmental hazards or pollutants.

Control Risk

The risk that errors or irregularities in financial statements will not be prevented, or detected and corrected, by an organization's internal controls.

Supply-Chain Leverage

The strategic use of supply chain processes and partnerships to gain competitive advantage in cost, speed, or innovation.

Net Profit Margin

A financial ratio that shows the percentage of revenue remaining as profit after all expenses are deducted, serving as an indicator of a company's profitability.