Question: Multiple choice, please explain! Which explanation below best explains the potential reason behind the cost function having a higher slope coefficient than a year ago?

Multiple choice, please explain!

Which explanation below best explains the potential reason behind the cost function having a higher slope coefficient than a year ago?

a) assembly line workers' hourly pay has increased due to higher minimum wage laws

b) production has decreased

c) depreciation expense has increased

d) total variable costs have increased

e) more than one answer above is correct

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