Scribd Logo
Upload

Welcome to Scribd!

  • Odso Ohloood B: Chonqe

    Uploaded by

    Abdul Rahaman shaik
    7 views2 pages
    The document discusses cost curves and how average, total, and marginal costs change with increasing levels of output. It explains that as output increases, average fixed costs fall while average variable costs may rise or fall depending on whether costs are increasing, constant, or decreasing. The marginal cost curve cuts the average total cost curve at the minimum point of average cost.

    Original Description:

    Managerial skills economics

    Original Title

    AC & MC

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses cost curves and how average, total, and marginal costs change with increasing levels of output. It explains that as output increases, average fixed costs fall while average variable costs may rise or fall depending on whether costs are increasing, constant, or decreasing. The marginal cost curve cuts the average total cost curve at the minimum point of average cost.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views2 pages

    Odso Ohloood B: Chonqe

    Uploaded by

    Abdul Rahaman shaik
    The document discusses cost curves and how average, total, and marginal costs change with increasing levels of output. It explains that as output increases, average fixed costs fall while average variable costs may rise or fall depending on whether costs are increasing, constant, or decreasing. The marginal cost curve cuts the average total cost curve at the minimum point of average cost.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    per t t

    Inetalal cat
    Averoge Cost (ne)
    produced
    dtvickd by the n0of brt3

    Ae Totol Cost TC
    Output addfn Averooe r e d

    t odso ohloood b Costs (Ave)


    Areno Voable
    CostaAFC) Ond

    iCeo AC HFC +AvC

    oth FC&ANC Cunefalls hevet ore AC


    CuNC wtll olso foll dhapky. hen Ac
    Ae Cue
    beg'nSto vce, AFC hat Cunle stRl-folLsSterpiy
    ATC Cuve
    ATC contfoues to fal ASthe Outpat
    fncvease 3utherthee to o Ohorp I o AC
    uhch offsetstoll AT C ATC Curne trst
    foll8, eaches mnimun d then se
    feCo ATe cuv-e s a
    8hope

    nCtofTC

    Ouput
    Morg'nou Cast 13-the oddtt 00ol Coat ot
    prOcuc rg One ocdtbnol unt af out put $ t is

    in
    Chonge
    Chonqe in lotol Coat dvded hy Change
    MC ATC
    Output
    VP)
    MC u'dtoped as per

    MC

    Cost

    0utp ut
    0utpul TC Ac Mc

    18 AC
    SA
    A
    35
    4
    63 15
    0 Outpurt

    whhen Ac-folls 1MC al so olls MC <AC

    ) tlhen Ac is conotont Mc= AC


    ) When Ac ses,Me olto rfses Mc AC
    Me Culs ACutNe at mnimum al Ac

    You might also like