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MMLU-Pro / 7442 / In the short run, a firm employs labor and capital to produce gadgets. If the…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

In the short run, a firm employs labor and capital to produce gadgets. If the annual price of capital increases, what will happen to the short-run cost curves?

category

economics

options

  1. The marginal cost and average fixed cost curves will shift upward.
  2. The average fixed cost curve will shift upward, but the average total cost curve will remain the same.
  3. The marginal cost and average variable cost curves will shift upward.
  4. The average total cost and marginal cost curves will shift downward.
  5. None of the cost curves will be affected.
  6. The marginal cost, average fixed cost, average variable cost, and average total cost curves will all shift upward.
  7. The average variable cost and average total cost curves will shift downward.
  8. The marginal cost, average fixed cost, and average variable cost curves will shift downward.
  9. The average fixed cost and average total cost curves will shift upward.
  10. The average fixed cost and average variable cost curves will shift upward.

src

ori_mmlu-high_school_microeconomics

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Source and history

upstream_id / Original problem ID
7442
task_id
520e89a3-e74e-5f9b-95d4-e60e90bc5209
task_key
default--test--7442
task_revision_id
1
config / split
default / test

Official source

initial import