Cost in the short run, Microeconomics

Cost in the Short Run

Marginal Cost (or MC) is the cost of expanding output by one unit.  As fixed costs have no impact on marginal cost, it can be given as:
1068_cost in short run.png

Average Total Cost (or ATC) is the cost per unit of output, or average fixed cost (or AFC) plus average variable cost (or AVC). This can be written:

671_cost in short run1.png

Average Total Cost (or ATC) is the cost per unit of output, or average fixed cost (or AFC) plus average variable cost (or AVC). This can be written:

1291_cost in short run2.png

Posted Date: 10/12/2012 2:12:01 AM | Location : United States







Related Discussions:- Cost in the short run, Assignment Help, Ask Question on Cost in the short run, Get Answer, Expert's Help, Cost in the short run Discussions

Write discussion on Cost in the short run
Your posts are moderated
Related Questions
Why total product continues to increase despite a decrease in the marginal product?

Inflation-Unemployment Trade-off under Rational Expectations : Robert Lucas (1972) pointed out another implication of the above hypothesis of adaptive expectations. Suppose in

The prevention of major swings in economic activity can be handled most easily by the


You've been contacted by a local semi-professional team in Colfax, known locally as the Colfax Thunder. They play their home games at the HS baseball park for only $100 per month.

Money: Broadly speaking, money is anything which can be used as a means of payment (for instance, to settle a debt). It includes bank deposits, actual currency, credit cards and li

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4


The Wealth of Nations of Modern Economies When the federal government uses expenditures to stimulate the economy, it changes not only the present but the future as well. Question

Significance of Stagnation in Supply and Demand Calculus Stagnation refers to failures of students in a grade/class or grade repetition. The objective of a course is to make c