What do higher input prices result in? - ProProfs Discuss
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What do higher input prices result in?



A. Upward shifts of MC and reductions in output
B. Increased demand for the good the input is used for
C. Downward shifts of MC and reductions in output
D. Downward shifts of MC and increases in output
E. Upward shifts of MC and increases in output

This question is part of PRACTICE QUIZ CHP 8
Asked by Doper, Last updated: Jan 24, 2020

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3 Answers

Ken Wilson

Want to learn new things and share my knowledge

Ken Wilson, Marketing Analyst, MBA, Miami

Answered Nov 27, 2018

If the production costs: materials, labour etc go up then the profit margin wil be negatively affected. This won't have an effect upon demand for the goods unless the end price is increased as...Read More
 

b.Lisa

B.Lisa

Answered Feb 26, 2018

Input costs can include materials, labor, fees, and other expenses. Output is the finished product. MC stands for marginal costs. If a company is spending more on their input costs, such as...Read More
 

John Smith

John Smith

Answered Mar 18, 2017

Upward shifts of MC and reductions in output
 

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