Which of the Following Will Increase a Perfectly Competitive Seller's

question 4

Multiple Choice

Which of the following will increase a perfectly competitive seller's short-run supply and shift the firm's short-run supply curve rightward?

• A) an increase in the market price
• B) a decrease in average fixed costs
• C) a decrease in marginal cost
• D) Both answers A and B are correct.
• E) Both answers A and C are correct.

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Definitions:

Pearson Correlation Coefficient

A measure of the linear correlation between two variables X and Y, giving a value between +1 and -1 inclusive.

Television Game Shows

Competitive entertainment programs broadcast on television where participants play games to win prizes.

Education

Engaging in the activity of acquiring or imparting organized teaching, specifically within the settings of schools or universities.

Cost of Paper

The expense associated with acquiring paper, often considered in contexts like publishing, office supplies, or manufacturing.