How Would a $10 Increase in an Input Price Effect

question 31

Multiple Choice

How would a $10 increase in an input price effect a price-taking firm's supply curve?

• A) MC would increase by $10 and AC would decrease by $10
• B) AC would increase by $10 and MC would decrease by $10
• C) MC and AC would both decrease by $10
• D) MC and AC would both increase by $10

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Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

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A document that describes the status of a project or task, detailing what has been completed and what remains to be done.