What changes is there likely to be in these same cost curves

Reference no: EM13772103

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:

a) the firm's AFC (average fixed cost);

b) the firm's AVC (average variable cost);

c) the firm's ATC (average total cost); and,

d) the firm's MC (marginal cost)?

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

Reference no: EM13772103

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