Which of the Following Will Cause the Average Fixed Cost

question 78

Multiple Choice

Which of the following will cause the average fixed cost curve of making cigarettes to shift?

• A) a $5 million penalty charged to each cigarette maker
• B) a $1 per pack tax on cigarettes
• C) a $3 per hour wage increase
• D) an increase in the demand for cigarettes

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Definitions:

Traffic Counts

The process of recording the number of vehicles or pedestrians passing a certain point in a specific time period, often used for transport planning.