The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be and the AFC curve should be after the agreement goes into effect. Group of answer choices
lower;
lower lower;
unchanged higher;
higher lower;
higher unchanged;
lower

The ATC curve should be LOWER and the AFC curve should be UNCHANGED after the agreement goes into effect.

Explanation:

The average total cost (ATC) includes direct labor costs, and if labor costs decrease, the ATC should also decrease in the same amount. The average fixed cost (AFC) does not include direct labor costs, so lower labor costs will not affect it.

Average total costs is the average unit cost, and it includes a fraction of both manufacturing and sales and administrative expenses. Average fixed costs is calculated by dividing the total fixed costs by the number of units produced. Fixed costs are incurred expenses that do not vary depending on the total output of the company.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.