If the Cost of Variable Inputs Used in a Firm's

question 142

Multiple Choice

If the cost of variable inputs used in a firm's production process rose,which of the following would not occur?

• A) Its AVC curve would shift up.
• B) Its ATC curve would shift up.
• C) Its MC curve would shift up.
• D) Its AFC curve would shift up.

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Definitions:

Low Cohesiveness

Refers to a lack of unity, solidarity, or agreement among members within a group, which can negatively affect its performance or stability.

Low Conformity

The tendency of an individual or group to resist adhering to the norms or standards of a larger community or society.

Groupthink

An occurrence in a group setting where the urge for consensus or uniformity leads to unreasonable or maladaptive choices in decision-making.

Direct Pressure

A form of influence where individuals are explicitly urged or coerced by others to engage in certain behaviors or make specific choices.