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mickied mickied
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A year ago

The diagram below shows some short-run cost curves for a firm.

Short description: A graph plots Q against dollars. Long description: The horizontal axis representing Q ranges from 0 to 2000, in increments of 500. The vertical axis representing dollars ranges from 0 to 15, in increments of 3. The graph plots four curves. The curve, A passes through the points, (300, 15), (1000, 6), and (2000, 3). The curve, B passes through the points, (500, 9), (1000, 7.5), and (2000, 13). The curve, C passes through the points, (500, 14), (1250, 11), and (2000, 15). The curve, D passes through the points, (500, 6.5), (1000, 7), and (1500, 18). A and B intersect at (650, 8); B and D intersect at (1100, 7.5); A and D intersect at (900, 6); D and C intersect at (1350, 10.5). Note: all values are approximate.

FIGURE 7-6

Refer to Figure 7-6. In the figure above, average fixed cost can be obtained as



▸ D - A

▸ C + B

▸ C - A

▸ A + B

▸ C - B
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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jmmillerjmmiller
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mickied Author
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A year ago
Correct Slight Smile TY
missnoname
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Yesterday
Thank you, thank you, thank you!
2ne1_12345
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2 hours ago
Smart ... Thanks!
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