If the Demand Function Facing a Firm Shifts

question 34

Multiple Choice

If the demand function facing a firm shifts:

• A)the firm's marginal revenue function and profit maximizing output will also change.
• B)the firm's cost functions will also change.
• C)the firm's total cost functions will change,but its variable cost functions will be the same.
• D)the firm's marginal revenue function will change,but its profit maximizing level of output will not change.

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