Which of the Following Would Shift a Firm's Short-Run Cost

question 47

Multiple Choice

Which of the following would shift a firm's short-run cost curves downward?

• A) an advance in technology
• B) an increase in employees' wages
• C) an increase in the demand for the firm's product
• D) an increase in excise taxes levied on the firm's product

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Definitions:

Average Values

Statistical measures that represent the central tendency or typical value of a dataset, such as the mean, median, and mode.

Operating Activities

Business activities directly related to the production, selling, and delivery of a company's products or services.

Financing Activities

Transactions related to raising capital and repaying debt; part of the cash flows in financial statements.

Investing Activities

Transactions and events that involve the purchase or sale of long-term assets and other investments not included in cash equivalents.