If Factor Prices Decrease

question 5

Multiple Choice

If factor prices decrease,

• A) there will be a downward shift in the long- run average cost curve but not in the short- run average cost curve.
• B) a firm will move down along both its long- run and short- run average cost curves.
• C) both the long- run and short- run average cost curves will shift downward.
• D) a firm will move down along its long- run average cost curve only.
• E) there will be no change in the cost curves in the long run.

---

Definitions:

Stress Management

Techniques and strategies aimed at controlling a person's level of stress, improving everyday functioning, and maintaining overall well-being.

Performance Standard

A defined benchmark or criteria used to measure and evaluate the effectiveness or success of a task, employee, or process.

Performance Appraisal

A systematic evaluation process by which employees' job performance is assessed, typically by their supervisor, against predefined criteria or objectives.

Career Development

The ongoing process of managing one's work experience and learning opportunities to advance professionally.