You own a home-based bakery that specializes in creating themed cupcake displays for special events.

You own a home-based bakery that specializes in creating themed cupcake displays for special events. The mortgage payment on your home increases dramatically due to a property tax hike in your community.

What impact will this have on your average variable cost, average total cost and marginal cost?

Explain in your post how each of these cost curves would shift and why.