Question
1.Assume diminishing marginal product at some point. a.How do you draw the fixed cost, average fixed cost, marginal cost, average variable cost and average total
1.Assume diminishing marginal product at some point.
a.How do you draw the fixed cost, average fixed cost, marginal cost, average variable cost and average total cost curves for a firm?
b.How do you Indicate the quantity associated with efficient scale?What two curves intersect at this point?
c.Is this a short run or long run cost analysis?
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek
1st Edition
0073377686, 9780073377681
