Imposition of tax and its impact on cost curves

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Reference no: EM1315987

How would each of the following affect the firm's marginal, average, and average variable cost curves?

a. An increase in wages

b. A decrease in material costs

c. The government imposes a fixed amount of tax.

d. The rent that the firm pays on the building that it leases decreases.

Reference no: EM1315987

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