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Average variable cost curves

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Reference no: EM132213262

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

  1. There is an increase in wages.
  2. There is a decrease in material costs.
  3. The government imposes a fixed amount of tax.
  4. The rent that the firm pays on the building that it leases decreases.

Reference no: EM132213262

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