Question 16:How does an increase in the price of an input affect the supply curve of a firm?

Question 16:

How does an increase in the price of an input affect the supply curve of a firm?

1 answers

Answer This Question
Name:
Email:
Answer :
Sum of (4+4)
Submit:

Other Questions

1. Who is the originator of Green Revolution in India

2. Which of the following pairs are correctly matched
Enterprise Industrial Group
1.VSNL : Bharati Group
2. Mundra Special : Adani Group Economic Zone Ltd.
3. CMC Ltd. : Tata Group
4. IPCL : Reliance Group
Select the correct answer using the codes given below :

3. If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is -3.2 find P1?

4. The 'gilt edged' market deals in :

5. Which of the following rate is charged by banks to their most credit worthy customers?

6. The average product curve are inverse ____ shaped.

7. Question 7:Why is r preferred to covariance as a measure of association?

8. The World Economic Outlook, report of IMF indicates that one of the below mentioned nation is expected to achieve highest per cent GDP growth rate in 2011. Which one of the following is that country ?

9. The Second Five Year Plan laid more stress upon :

10. In a rare distinction, an Indian has recently been selected to mark for the European Space Agency's Student Orbiter Mission, tasked with designing the power supply technology for a moon orbitting satellite. He is

Guest · Answer 1 · 2021-01-01 23:34:00

Answer:

An increase in the price of an input increases the cost of production, which in turn increases the marginal cost of the firm. Consequently, the MC curve will shift upward to the left and the supply curve will also shift leftward upward. Therefore, an increase in the input price negatively affects the supply of the firm.

Question 16:How does an increase in the price of an input affect the supply curve of a firm?

Question 16:

1 answers

Answer:

Answer This Question

Other Questions

General Knowledge Questions

English Language and Comprehension

Quantitative Aptitude

ExamCompetition 2015-2021