Firms average total cost and marginal cost

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1. Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following: the firm's AFC (average fixed cost); the firm’s AVC (average variable cost); the firm’s ATC (average total cost); and, the firm’s MC (marginal cost)?

2. What changes, if any, is there likely to be in these same cost CURVES?

Reference no: EM13745934

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