What is the correct answer?


The cost curves of the firm shift due to changes in:

A. Input prices

B. Technological innovations

C. Both of them

D. None of them

Correct Answer :

C. Both of them

Related Questions

On all points of budget (price) line: The Modern and Neo-Keynsian Theory of Interestwas presented by: LMC represents change in LTC (long-run total cost) due to producing an… If the demand curve is horizontal then its slope is: The standard form of demand function is: Price effect occurs on the higher IC in case of: Which of the following pairs of commodities is an example of substitutes? To attain maximum profits during short-run a firm should produce the output… Identify the work of T.W.Schultz: The real income of a consumer is income in terms of: The advantage of using indifference curves rather than marginal utilities… If the commodity is inferior then the increase in income of the consumer… Karl Marx: In Edgeworth model, if price falls below competitive price, the demand… Variable cost includes the cost of: An inferior commodity is one whose quantity demand decreases when income… The marginal revenues are derivatives of: If we measure the elasticity of demand with the help of the average and… When at a given price, the quantity supplied of a commodity is more than… The kinked demand curve comes into being where: The price under perfect competition is settled by: The demand curve of a firm in monopolistic competition is: Some economists refer to iso-product curves as: While buying two goods X and Y with unequal prices, to maximize total… Marginal Productivity Theory deals with the theory of: The concept of product differentiation was firstly introduced by: One common definition of a luxury good is a good with income elasticity: If the supply and demand increases equally, the price will: In the short-run, the competitive firm can maximize its profits (or minimize… The MRTS along an iso-quant goes on to: