Which of the following changes can cause a shift in a firms short-run supply curve?

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shift when new firms Show more (23) QID: 20961 The short-run market supply curve does not shift when new firms enter the market. true false (24) QID: 20960 Which of the following changes can cause a shift in a firms short-run supply curve? The price of the product falls due to decreased market demand. The use of one assembly line is discontinued until new equipment can be installed. The firm hires more workers in order to increase its output. The monthly rent for the factory goes up. (25) QID: 20965 As this industry expands the following shifts of the cost curves are observed. Which of the following is true? There is not enough information to determine the nature of costs in this industry. This is a constant cost industry. This is an increasing cost industry. This is a decreasing cost industry. (26) QID: 20966 The long-run market supply curve is derived by connecting the short-run equilibrium points before and after an expansion in the industry. true false (28) QID: 20911 A firm incurs fixed costs of $12000. If the firms total cost for producing 3000 units is $30000 at what price does this firms shut-down point occur? $9 $6 $10 $4 (29) QID: 20958 Examine the graph below. If the market price changes from $20 to $15 this firm should reduce output to 150 units. reduce output to 140 units. shut down. reduce output to 120 units. Show less

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