Question: Which explanation below best explains the potential reason behind the cost function having a higher slope coefficient than a year ago? Multiple Choice production has

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

Multiple Choice

  • production has decreased

  • depreciation expense has increased

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

  • total variable costs have increased

  • more than one answer above is correct

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