Indicate the effect that each of the following conditions will have on a firm’s average variable cost curve and average fixed cost curve. Substantiate your answer
a. The movement of a brokerage firm’s administrative office from Bangalore city to Whitefield, where the average rental cost is lower
b. The use of two shifts instead of three shifts in a manufacturing facility
c. An agreement reached with the labour union in which wage increases are tied to productivity increases
d. Elimination of lump-sum tax imposed on manufacturing firms
e. Imposition of stricter environmental protection laws.