Question: Multiple Select Question Select all that apply Which of the following are effects of an increase in the price of labor on the cost curves?
Multiple Select Question Select all that apply Which of the following are effects of an increase in the price of labor on the cost curves? Multiple select question. The average-variable-cost and average-total-cost curves shift upward, and the marginal-cost curve shifts downward. The average-variable-cost, average-total-cost, and marginal-cost curves shift downward. The average-variable-cost, average-total-cost, and marginal-cost curves shift upward. The average-fixed-cost curve remains the same
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