Which of the following will not change the cost curves for good X?
A)a change in the price good X
B)a change in input prices necessary for the production of good X
C)a change in taxes paid by the producers of good X
D)a change in technology in the production of good X

Question

Quizplus · Accepted Answer

Changes in the price of good X will not affect the cost curves, as they are related to the production process and the costs incurred by the producer. Changes in input prices, taxes or technology will affect the cost curves, as they will impact the production process and the costs of producing the good.

Which of the Following Will Not Change the Cost Curves