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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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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.

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