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Output variable: 1 2 3 4 5 6 7 8 9
Costs: $35 75 110 140 175 215 260 315 390

a) Show AFC, ATC, AVC and MC in a table?
b) GRaph th AFC, ATC, AVC and MC curves.
c) Explain the relationship between the MC curve and the AVC and ATC curves?
d) Say fixed costs dropped to $50. Which curves shifted? Why?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9491634

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