Figure 85 Figure 8

question 220

Multiple Choice

Figure 8.5 Figure 8.5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry.
-Refer to Figure 8.5.If the firm's fixed cost increases by $1000 due to a new environmental regulation, what happens in the diagram above?

• A)All the cost curves shift upward.
• B)Only the average variable cost and average total cost curves shift upward; marginal cost is not affected.
• C)Only the average total cost curve shifts upward; the marginal cost and average variable cost curves are not affected.
• D)None of the curves shifts; only the fixed cost curve, which is not shown here, is affected.

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Definitions:

Self-esteem

An individual's subjective evaluation of their own worth, encompassing beliefs and emotions regarding oneself.

Self-kindness

The practice of being gentle, compassionate, and supportive towards oneself during difficult times.

Implicit Self-esteem

An unconscious form of self-esteem which influences thoughts and behaviors without one's awareness.

Explicit Self-esteem

The conscious and deliberate evaluation of one's own worth and value.