Question: Just a discussion best no format needed Topic: Increase in Fixed Costs 1. Suppose a business experiences a sudden increase in its fixed costs. For

Just a discussion best no format needed Topic:

Just a discussion best no format needed Topic: Increase in Fixed Costs 1. Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following: 1. the firms AFC (average fixed cost): 2. the firm's AVC (average variable cost): 8. the firm's ATC (average total cost); and, 4. the firm's MC (marginal cost)? What changes, if any, is there likely to be in these same cost CURVES

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