Will the non-linear demand schedule get flatter or steeper

Reference no: EM131481739

Question: 1. Will the non-linear demand schedule p = 570 - 0.4q2 get flatter or steeper as q rises?

2. A firm has to pay fixed costs of £65,000 before it starts production. What will its average fixed cost function look like? What will AFC be when output is 250?

3. Make up your own example of a non-linear function and sketch its approximate shape.

Reference no: EM131481739

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