Suppose Jodi's Widget Business Is Using Two Inputs,labour and Capital

question 35

Multiple Choice

Suppose Jodi's widget business is using two inputs,labour and capital.If the price of labour increases,which of the following will happen?

• A)Jodi will shut down her business.
• B)The firm's average total cost curve will shift upward.
• C)The firm's marginal cost curve will remain unchanged.
• D)Jodi will hire more labour.
• E)The firm's average fixed cost curve will shift upward.

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Definitions:

Overt Coercion

The clear and open use of force or intimidation to compel someone to act or think in a certain way.

Intersectional Approach

An intersectional approach examines how various social and political identities (like race, gender, class) overlap and impact issues of privilege, oppression, and experiences.

Social Identities

Aspects of an individual's identity derived from their perceived membership in social groups, such as gender, race, and social class.

Racial Identity

A person's identification with a particular racial group, influenced by social, cultural, and historical factors.