An Increase in the Cost of an Input Will Result

question 48

Multiple Choice

An increase in the cost of an input will result in

• A) a leftward shift in the firm's supply curve.
• B) an upward shift of the firm's marginal cost curve.
• C) a leftward shift of the market supply curve.
• D) All of the above.

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Definitions:

I Proposition

A type of categorical proposition that asserts some, but not all, members of a subject class are also members of a predicate class.

Traditional Square

A diagrammatic representation of the logical relationships between categorical propositions in classical logic.

Existential Import

Pertains to the implication that some assertions within categorical logic assert the existence of at least one instance of something.

Opposition

Resistance or dissent, expressed in action or argument.