For a Perfectly Competitive Rancher in Wyoming,if the Price Does

question 222

Multiple Choice

For a perfectly competitive rancher in Wyoming,if the price does not change,an economic profit could turn into an economic loss if the

• A) average total cost curve shifts downward.
• B) average total cost curve does not change.
• C) average total cost curve shifts upward.
• D) marginal cost curve shifts downward.
• E) average fixed cost decreases.