Which of the Following Will Cause the Average Fixed Cost

question 114

Multiple Choice

Which of the following will cause the average fixed cost curve of making cigarettes to shift?

• A) a $5 million penalty charged to each cigarette maker
• B) a $1 per pack tax on cigarettes
• C) a $3 per hour wage increase
• D) An increase in the demand for cigarettes.

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Definitions:

Whites

Refers to people belonging to groups, primarily of European descent, characterized by lighter skin colors, a major demographic category in racial and ethnic classifications.

Blacks

People of African descent or individuals characterized by dark skin color, often used in discussions of race, culture, and socio-political identity.

Strike Insurance

A financial product or policy designed to support workers financially in the event of a strike, offering compensation for lost wages.

Company Executives

Individuals in senior management positions within a company who are responsible for decision-making and strategic planning.