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
Available resources with the desired goals: To match the available resources with the desired goals: The complementary nature of some investment decisions make for planning. T

preperation methods of deuterium

What are the properties of the profit function? Properties of the Profit Function: The properties specified below follow solely by the assumption of profit maximization. No

Discuss the advantages and disadvantages in having a managed exchange rate regime. Advantages of a managed/fixed exchange rate Predictability and certainty a) Fi

Manners of reaching to someone's place with a present of anything like flowers, chocolates, etc. In U.S., it's not feel good to give flowers to women by men. If a man giving some g

1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl

A trust is build to acquire shares in organizations for subsequent allocation to employees over time by time.

1. Assume that the market for wheat is perfectly competitive. Suppose the demand curve for wheat is given by: QD = 200 – 2P where QD is the quantity demanded, in bushels, and P i

What is affected variable and cause variable?  In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe

Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and