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Question: 1. Will the non-linear demand schedule p = 570 - 0.4q2 get flatter or steeper as q rises?

2. A firm has to pay fixed costs of £65,000 before it starts production. What will its average fixed cost function look like? What will AFC be when output is 250?

3. Make up your own example of a non-linear function and sketch its approximate shape.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92290475

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