Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 11.3, Problem 5RQ
To determine

Shape of average total cost (ATC) and average variable cost (AVC).

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Do AC and AVC intersects each other?
charlie is running a coffe shop and are currently selling 200 coffees. it cost them 2,0000 to hire a graphic designer to make a logo for their shop, 800 for coffe beans at this level of profuction, and 40,000 to lease out the building for the coffe shop for a year. what is charlies average variables cost ?
What is the explicit and implicit cost? Can explicit or implicit be used for a business or household?
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