How does an increase in the price of an input affect the supply curve of a firm?
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How does an increase in the price of an input affect the supply curve of a firm?
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A boom inside the price of an enter increases the cost of manufacturing, which in turn increases the marginal fee of the company. consequently, the MC curve will shift upward to the left. As a result, the supply curve will even shift leftward upward. therefore, an increase in the enter rate negatively impacts the deliver of the company.
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