If Social Regulation Increases a Firm's Fixed and Variable Costs

question 13

Multiple Choice

If social regulation increases a firm's fixed and variable costs:

• A)then both marginal cost and average total cost will increase,and the firm will produce more.
• B)then both marginal cost and avetage total cost will increase,and the firm will produce less.
• C)then both marginal cost and average total cost will decrease,and profits will increase.
• D)Marginal cost will increase,average total cost will be constant,and price will decline.
• E)both price and quantity produced will fall.

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Definitions:

Racial Minorities

Groups of people who are differentiated from the social majority through distinctions of race or ethnicity.

White Male Monopoly

The dominance of white males in positions of power within organizations and societal structures, often to the exclusion of other groups.

Equal Employment Opportunity

The principle that all individuals have an equal chance for employment, without discrimination on the basis of race, color, religion, sex, national origin, age, or disability.

Americans With Disabilities Act

A civil rights law enacted in 1990 in the United States that prohibits discrimination against individuals with disabilities in all areas of public life.