Cost Curves

Related BrainMass Solutions

• Using Excel to Calculate All Cost Curves

  Cost curves are calculated and graphed in excel. These cost curves are compared and discussed. The curve curves are total cost, total fixed cost, total variable cost, average total cost, average fixed cost, average variable cost, and marginal cost.

• Graphing Cost Curves: AFC, AVC, ATC and MC

  511045 Graphing Cost Curves: AFC, AVC, ATC and MC Illustrate the AFC, AVC, ATC, and MC curves on a diagram and show that marginal cost intersects average total cost at the minimum of average total cost.

• Cost curves in perfect competition

  400440 Why Companies in Perfect Competition Have Different Cost Curves When developing short-run cost curves, it is assumed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses.

• Selecting the suitable option

  a) horizontal sum of the individual firms'marginal cost curves above AVC. b) vertical sum of the individual firms'marginal cost curves above AVC. c) horizontal sum of the individual firms'marginal cost curves above ATC.

• Analyzing production costs - Fixed and Variable costs

  Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.

• The change in the revenue

  Are all relevant per unit cost curves upwards sloping? Why? What is the meaning for firms of upward or downward sloping per unit cost curves? Per unit cost curve is average cost curve, which is not always upwards sloping.

• Draw Cost curves

  Total cost curves (FC, VC, and TC), Average cost curves (AFC, AVC, and ATC) plus the Marginal cost curve (MC) drawn.

• Microeconomics

  The expert describes the origins of cost curves in words and pictures.

• calculate all cost curves

  Total cost Total fixed Cost Total variable cost Average total cost Average fixed cost Average variable cost Marginal cost Plot these curves on graphs Compare the cost curves and discuss their characteristics.

• Market Structures questions

  Then, discuss the relationship between short run cost curves and long run cost curves. Finally discuss the concept of economics of scale and how long run costs curves shape the economic structure of industries. 2.