Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm?Answer choices A. none, because fixed costs do not affect
If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm?
Answer choices
A. none, because fixed costs do not affect marginal cost.
B. marginal cost would increase by less than 50 percent.
C. Marginal cost would increase by 50 percent. D. marginal cost would increase by more than 50 percent.
- @
- 2 orders completed
- ANSWER
-
Tutor has posted answer for $15.00. See answer's preview
*** correct ****** ** AThis ** ******* ******** **** affects ** the ******** cost *** not the fixed **** ********* *** ******** ** decrease ** *** ***** **** *** ** effect ** *** marginal-cost ******** ** a ****