Author Question: If the cost of variable inputs used in a firm's production process rose, which of the following ... (Read 57 times)

LaDunn · **on:** Jun 30, 2018

If the cost of variable inputs used in a firm's production process rose, which of the following would not occur?
a. Its AVC curve would shift up.
b. Its ATC curve would shift up.
c. Its MC curve would shift up.
d. Its AFC curve would shift up.

Question 2

If the earnings of Chopo Co are lower than expected, the forecasts will be revised downward and the price of the company's stock will decline.
a. True
b. False
Indicate whether the statement is true or false