How will the marginal and average cost curves of the typical pure competitor shift or change as a result of the following events:

a. An increase in wages of all labor;

b. An increase in the rental payments on office machinery;

c. A technological advance; d. an increase in sales taxes;

e. An increase in property taxes; and

f. A decline in the price of a basic raw material?

Answer rating: 100% (QA)

a It will increase the marginal and average cost curves of the computer and s... View the full answer