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

question 86

Multiple Choice

If the price of an input increases, each individual firm's ________ shifts upward and the ________ shifts to the left.

• A) marginal revenue curve; marginal cost curve
• B) marginal cost curve; industry supply curve
• C) demand curve; industry supply curve
• D) supply curve; marginal cost curve

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to its shareholders, typically in the form of cash.

Retained Earnings

Retained earnings are the portion of a company's net income that is kept within the company instead of being paid out to shareholders as dividends, used for reinvestment.

Prerequisites

Requirements that must be met or completed before taking on a subsequent task or enrolling in a particular course or program.

Declaration Date

The specific date on which a company announces the payment of a dividend, detailing the amount to be paid and to whom it will be distributed.