Business, 17.03.2020 06:41 tamikeen9301

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: a. the firm's AFC (average fixed cost); b. the firm’s AVC (average variable cost); c. the firm’s ATC (average total cost); and, d. the firm’s MC (marginal cost)? 2) What changes, if any, is there likely to be in these same cost CURVES?3) identify something in your home that could affect your fixed costs, whether it increases or decreases them. Then, I'd like you to list three variable costs in your budget.

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1) Suppose a business experiences a sudden increase in its fixed costs. For example, suppose propert...