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Explain the relationship between the mc curve and the avc

Assignment Help Macroeconomics
Reference no: EM13325299

A firm has fixed costs of $100 and variable costs of the following:

a. Show AFC, ATC, AVC, and MC in a table.

b. Graph the 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?

Reference no: EM13325299

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