AFC curve
What does AFC curve appear like? Why does it appear so?
Expert
AFC curve is downward sloping to the right. Since the output rises, the fixed cost gets distributed, that is, AFC downs or falls.
In which market condition, the effect of an individual seller is (0) zero? Answer: In Perfectly Competitive market condition.
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Marginal revenue is: (w) similar as price for a purely competitive firm. (x) defined as the change in total revenue while an additional good is sold. (y) always equated to MC when a firm wants to maximize profits. (z) all of the above. Discover Q & A Leading Solution Library Avail More Than 1430120 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1940746 Asked 3,689 Active Tutors 1430120 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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