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  1. ...or minimize loss. In this case, when output =100, AC=10,AVC=4 and AFC=6.The firm is above the shut down point,but still in a loss.The...

    1 Answers · Social Science · 29/10/2012

  2. .... AVC is always below ATC, since ATC=AVC+AFC (i.e., the vertical distance from ATC down to AVC always equals...

    2 Answers · Social Science · 21/10/2012

  3. A) Average Fixed Cost = (Fixed Cost) / (Quantity) For This problem: Fixed Cost = (Wage of a doctor * Number of Doctors) + (Wage of Nurse * Number of...

    2 Answers · Social Science · 18/10/2012

  4. TVC=95-50=45 AVC=45/3=15 ATC=95/3=31.67 AFC=50/3=16.67 MC=0

    1 Answers · Social Science · 30/09/2012

  5. ...of it is 35. TFC in lines 2 and 3 is same as 1, 50. AFC is 50 divided by output, so 50/0, 50/1, 50/2. AVC, in comparison...

    1 Answers · Social Science · 30/09/2012

  6. ... = TVC / Q AVC = 30000 / 2000 AVC = 15 AFC is equal to TFC / Q for the same reasoning above AFC...

    1 Answers · Social Science · 30/09/2012

  7. ...average costs are undetermined. When output=1, fixed cost= AFC= 800, AVC=200/1=200,AC=1000. When output=2,fixed cost...

    4 Answers · Social Science · 30/09/2012

  8. Total cost = fixed cost + variable cost and average cost = average fixed cost + average variable cost. Tc = 800, Vc = 500, so FC = 300. AFC = 300/20 = 15. well done.

    1 Answers · Social Science · 12/08/2012

  9. 1 c, it can have profit if P=MC is above ATC. 2 c, economic profit means price is equal minimum average total cost,as in the perfect competition. 3 b, price will equal ATC,but higher than ATC minimum point.

    3 Answers · Social Science · 23/07/2012

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