If the Price of an Input Increases, Each Individual Firm's

question 167

Multiple Choice

If the price of an input increases, each individual firm's marginal cost curve shifts ________ and the industry supply curve ________.

• A) downward; shifts to the left
• B) downward; shifts to the right
• C) up; does not change
• D) up; shifts to the left

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Definitions:

Net Asset Value

The total value of all the securities held by a mutual fund or ETF, minus any liabilities, divided by the number of shares outstanding.

Year-End Assets

The total value of all assets an entity owns at the end of an accounting period or fiscal year.

Liabilities

Financial obligations or debts a company owes to outside parties, which must be settled over time through the transfer of economic benefits.

Nasdaq 100

An index representing the 100 largest non-financial companies listed on the Nasdaq stock exchange, based on market capitalization.