Question: 36. A firm's only variable input is labor. If an additional tax is placed on labor, the marginal cost curve will ____________, the average variable
36. A firm's only variable input is labor. If an additional tax is placed on labor, the marginal cost curve will ____________, the average variable cost curve will ____________, and the average fixed cost curve will _____________.
Group of answer choices
not change; shift up; shift down
shift up; shift up; not change
shift down; shift down; shift down
shift up; shift up; shift up
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
