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Posted by: Homeworkhelp
Price Quoted by Student: $6
Posted On: 2011-03-03 12:12:35
 
Question

Indicate how each of the following would shift the (1) marginal cost curve, (2) average- variable cost curve, (3) average fixed cost curve, and (4) average- total cost curve of a manufacturing firm. In each case specify the direction of the shift.

 

  1. A reduction in business property taxes
  2. An increase in the nominal wages of production workers.
  3. A decrease in the price of electricity.
  4. An increase in insurance rates on plant and equipment.
  5. e. An increase in transportation costs.

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Attachment 1: Indicate how each of the following would shift the (2).doc
Solution Posted By: Homeworkhelp    Posted on: 03-03-2011