The Average Variable Cost Curve Will Shift Upward If

question 63

Multiple Choice

The average variable cost curve will shift upward if

• A)there is an increase in fixed cost.
• B)there is a technological advance.
• C)the price of the variable input decreases.
• D)the price of the variable input increases.
• E)the price of output increases.

---

Definitions:

Recent College Graduates

Individuals who have completed their undergraduate or graduate education and obtained a degree from a college or university in the recent past, typically within the last year.

Selling Point

A unique feature or quality that makes a product, service, or idea appealing to potential customers or clients.

Scannability

The quality of a text that allows readers to quickly find and understand the information they need, often aided by headings and bullet points.

Résumé

A document summarizing an individual's background, skills, and qualifications, typically used for job applications.