Why does a variable cost curve have a positive slope

Reference no: EM131336004

1. Provide some examples of unavoidable fixed costs. How are these related to sunk costs? Describe why a firm should not consider sunk costs when making decisions.

2. Describe the relationship between fixed, variable, and total costs.

3. Why is a fixed cost curve horizontal? Why does a variable cost curve have a positive slope?

Reference no: EM131336004

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