Which of the Following Will Not Change the Cost Curves

question 188

Multiple Choice

Which of the following will not change the cost curves for good X?

• A)a change in the price good X
• B)a change in input prices necessary for the production of good X
• C)a change in taxes paid by the producers of good X
• D)a change in technology in the production of good X

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Definitions:

Mere Exposure Effect

A psychological phenomenon whereby people tend to develop a preference for things merely because they are familiar with them.

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Social Trap

A situation in which the conflicting parties, by each pursuing their self-interest rather than the good of the group, become caught in mutually destructive behavior.

McMaster University

A public research university located in Hamilton, Ontario, Canada, known for its innovative educational practices.