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An increase in the price of a variable factor of production Question 5 options: would cause the Average Total Costs and the Average Variable Costs
An increase in the price of a variable factor of production Question 5 options: would cause the Average Total Costs and the Average Variable Costs and the Marginal Costs that the firm faces to all increase. would cause an increase in the Total Fixed Costs facing a firm. would cause the firm to choose to produce more, so it can sell more, so it can cover these higher costs
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