Firm cost curves by choosing shift upward

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Suppose, ceteris paribus, a firm's fixed costs decrease. Indicate the changes to this firm's cost curves by choosing shift upward, shift downward, or remain unchanged for each prompt that follows:

a. The firm's AFC curve would _____ (shift upward / shift downward / remain unchanged)

b. The firm's MC curve would _____ (shift upward / shift downward / remain unchanged)

c. The firm's AVC curve would _____ (shift upward / shift downward / remain unchanged)

d. The firm's ATC curve would _____ (shift upward / shift downward / remain unchanged)

Reference no: EM131808358

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