Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

32. How does fixed cost affect marginal cost? Why is this relationship important? 33. Average cost curves (except for average fixed cost) tend to be

image text in transcribed
32. How does fixed cost affect marginal cost? Why is this relationship important? 33. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then acne increasing. Marginal cost curves have the same shape, though this may be harder to see since most of gull the marginal cost curve is increasing. Why do you think that average and marginal cost curves have the same general shape

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a business risk appraoch

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

6th Edition

978-0324375589

Students also viewed these Economics questions