When the Price of All Inputs Increase by the Same

question 40

Multiple Choice

When the price of all inputs increase by the same percentage:

• A)the firm's total cost curve will rotate upward by a higher percentage if the firm's production technology exhibits decreasing returns to scale.
• B)the firm's total cost curve will rotate upward by the same percentage.
• C)the firm's total cost curve will rotate upward by a higher percentage if the firm's production technology exhibits increasing returns to scale.
• D)the firm's total cost curve will remain unchanged since the cost-minimizing combination of inputs is unchanged.

---

Definitions:

Somatic Sex

Refers to the biological aspects of an individual based on the morphology of the reproductive and sexual organs.

Gonadal Sex

Biological sex determination based on the presence of ovaries or testes, and the associated hormone profiles and reproductive structures.

Genetic Sex

The sex of an individual determined by the chromosomes they possess, typically XX for females and XY for males.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often based on social and cultural differences rather than biological ones.