Graph the firms total cost curve and fixed cost curve

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Fashionable Designs, Ltd., plans to market a new sports blazer. Based on information provided by the accounting department, the company estimates fixed costs of $40,000 per year and average variable costs of: AVC = $1 + $0.001Q, where AVC is average variable cost (in dollars) and Q is output.

a) Graph the firm’s total cost curve and fixed cost curve.

Reference no: EM131009947

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