... MC=TC of n units - TC of n-1 units AFC=TFC/Q where Q=output AVC=TVC/Q ...
4 Answers · Social Science · 26/03/2009
.... But for higher initial rates the ATC and AFC will be higher. But , if in addition to that running cost ...
1 Answers · Social Science · 28/11/2012
Ya TC=TFC + TVC AND MC = TVC(2) - TVC(1)
3 Answers · Social Science · 11/11/2008
You are right. In reality, that is exactly what happens. There is no inconsistency with what you expect about some individual firms expanding their output in the long-run. For this you have to realise that the extent of the...
2 Answers · Social Science · 09/12/2007
"Blessed are the poor in spirit, for theirs is the kingdom of heaven.
2 Answers · Social Science · 06/09/2009
ATC,AVC and MC will shift downward. AFC remains the same. If it is FOB, the main affects would be only the decrease in interest rate. In the case of CIF, the freight cost will be included.
1 Answers · Social Science · 27/11/2012
- related to AFC