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.

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.

1. A reduction in business property taxes
2. An increase in the nominal wages of production workers.
3. A decrease in the price of electricity.
4. An increase in insurance rates on plant and equipment.
5. An increase in transportation costs.

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