Which of the Following Would Not Cause a Shift in the Firm's

question 52

Multiple Choice

Which of the following would not cause a shift in the firm's cost curves?

• A)changes in customer's preferences
• B)changes in economies of scope
• C)changes in input prices
• D)changes in technology

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Definitions:

Sigma Notation

A symbolic method used in mathematics to denote the sum of a series of terms.

Arithmetic Sequence

A sequence of numbers in which the difference between consecutive numbers is constant.

Nth Partial Sum

The sum of the first n terms of a sequence, used to determine the cumulative value of a series up to a specified number of terms.

Geometric Sequence

An ordered list of numbers where, starting with the second term, each entry is the result of multiplying the one before it by a consistent, non-zero factor termed the common ratio.