If the per unit price of labor, a variable resource, increases, it causes which of the following? a) A downward shift in ATC. b) An upward shift in MC.
If the per unit price of labor, a variable resource, increases, it causes which of the following? a) A downward shift in ATC. b) An upward shift in MC.
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 7P
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If the per unit price of labor, a variable resource, increases, it causes which of the following?
a) A downward shift in ATC.
b) An upward shift in MC.
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