Question: Assume that a firm s only variable input is labor and a new tax has been placed on labor. Which of the following correctly describes

Assume that a firms only variable input is labor and a new tax has been placed on labor.
Which of the following correctly describes the impact on each of: the marginal cost curve \[(MC)\], the average variable cost curve \[(AVC)\], average total cost curve \[(ATC)\], and average fixed cost curve \[(AFC)\]?
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