A Decrease in the Price of a Fixed Factor of Production

question 486

Multiple Choice

A decrease in the price of a fixed factor of production decreases total cost and

• A) increases marginal cost.
• B) leaves marginal cost unchanged.
• C) decreases marginal cost.
• D) increases variable cost.

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Definitions:

Hurt

A general term describing physical pain, emotional distress, or both, often as a result of injury, disease, or emotional trauma.

Verbally Abusive

Engaging in the use of words or language to harm others emotionally or psychologically.

Coping Mechanism

Strategies or behaviors used to manage stress, emotions, and challenges in daily life.

Displacement

The act of moving something from its place or position, or the emotional process of redirecting feelings from their original object to a substitute target.