Figure 8-12 -In Figure 8-12,which of the Following Would Most Likely Cause

question 138

Multiple Choice

Figure 8-12

-In Figure 8-12,which of the following would most likely cause the average total cost curve of a firm producing molded plastic chairs to shift from ATC₁ to ATC₂?

• A)an increase in demand for plastic chairs
• B)an increase in the market price of plastic chairs
• C)an increase in the price of the plastic used to produce the chairs
• D)a reduction in corporate income taxes