Social Studies, 02.03.2020 21:59 JonJon05

20. If the price of a firm's variable input increases,
which of the following will occur?
(A) The firm will decrease its level of production,
(B) The price of the good will decrease in the
short run.
(C) The firm's marginal costs will decrease
at every level of output. .
(D) The firm's average fixed cost will decrease.
E) More firms will enter the industry in the
long run.

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20. If the price of a firm's variable input increases,
which of the following will occur?

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