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Hourly pay for production line workers

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Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: 

  1. New union agreement increases hourly pay for production line workers.
  2. Local government imposes an annual lump-sum tax per plant.
  3. Federal government imposes a "stack tax" on emission of air pollutants by steel mills.
  4. New steel-making technology increases productivity of every worker.

Reference no: EM131369477

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