How would each of the following affect the firm's marginal, average and average variable cost curves?...

Transcribed Image Text:

How would each of the following affect the firm's marginal, average and average variable cost curves? 6.1.1 An increase in wages (1) 6.1.2 A decrease in material costs (1) 6.1.3 A fixed amount of tax imposed by the government (1) 6.1.4 A decrease in the rent that the firm pays on the building that it leases (1) Quantity 0 16 44 78 113 145 Fixed cost VVTUDER/NOVEMBER 2022 Variable cost 4 800 Total cost 9 000 11 400 Average variable cost 82.76 Marginal cost 70.59 Average cost 164.60 (13) How would each of the following affect the firm's marginal, average and average variable cost curves? 6.1.1 An increase in wages (1) 6.1.2 A decrease in material costs (1) 6.1.3 A fixed amount of tax imposed by the government (1) 6.1.4 A decrease in the rent that the firm pays on the building that it leases (1) Quantity 0 16 44 78 113 145 Fixed cost VVTUDER/NOVEMBER 2022 Variable cost 4 800 Total cost 9 000 11 400 Average variable cost 82.76 Marginal cost 70.59 Average cost 164.60 (13)

Answer rating: 100% (QA)

The image contains a question about how certain factors would affect a firms marginal average and average variable cost curves followed by a table sho... View the full answer