A decrease in the price of a fixed factor of production decreases total cost and
A) leaves marginal cost unchanged.
B) increases marginal cost.
C) increases variable cost.
D) decreases marginal cost.
Correct Answer:
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Q130: Any method of producing a good or
Q131: Q132: Economies of scale refer to Q133: Economic depreciation is the Q134: A company could produce 100 units of Q135: Marginal cost is equal to Q136: If the wages a firm pays it Q137: Which of the following are two components Q138: The long run is a time frame Q140:
A) a feature
A) firm's opportunity cost
A) output divided
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