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    cost curves

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    1.The government says that firm X must pay $1000 in taxes simply because it is in the business of producing a good. What cost curves if any does this tax affect and does the MC change if TC changes.

    2.If accounting profit is $400,000 greater than economic profit what do implicit costs equal?

    3. If economic profit equals accounting profit, what do implicit costs equal?

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    https://brainmass.com/economics/production/assessing-cost-curves-100328

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    1. The government says that firm X must pay $1000 in taxes simply because it is in the business of producing a good. What cost curves if any does this tax affect and does the MC change if TC changes.
    A tax levied ...

    Solution Summary

    The solution assesses cost curves.

    $2.19

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