Indicate how each of the following would shift the (1) marginal

Indicate how each of the following would shift the

 

(1) marginal cost curve,

 

(2) average- variable cost curve,

 

(3) average fixed cost curve, and

 

(4) average- total cost curve of a manufacturing firm. In each case specify the direction of the shift.

 

 

 

A reduction in business property taxes

 

An increase in the nominal wages of production workers.

 

A decrease in the price of electricity.

 

An increase in insurance rates on plant and equipment.

 

An increase in transportation costs.

 

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