In the Short Run, When Capital Is a Fixed Factor

question 69

Multiple Choice

In the short run, when capital is a fixed factor, a rise in the cost of labour

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

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Definitions:

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute, an important measure of heart function.

Subclavian Arteries

Major arteries on either side of the body that supply blood to the arms, brain, and thorax.

Vertebral Arteries

Arteries that supply blood to the upper spinal cord, brainstem, and the posterior portion of the brain.

Thyrocervical Arteries

A group of arteries that arise from the thyrocervical trunk and supply blood to the thyroid gland and surrounding areas.