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Question: 1. why is TFC horizontal?
2. If the consumer income increase, show the impact on his budget line, assume the price not change.
3. Why is a seller under perfect competition market is a price taker?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Derive an expression for average total cost (ATC). At what quantity is ATC at its minimum (at what ATC level)? In your diagram, sketch ATC and confirm that it is U-shaped. [Hint: Calculate ATC when and.
this line is aimed at the low end of the market and isnt constructed on a wheel base. writing instruments. this line
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