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Micro 3.5-Changing Cost Analysis
By Michael Burbine
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Last updated over 1 year ago
2 questions
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Question 1
1.
Question 2
2.
For each of the following: State how the quantity of breakeven will be affected. HINT: SKETCH THE GRAPH!
(TR=TC or AR=ATC)
Breakeven Quantity Inc
Breakeven Quantity Decreases
Breakeven Quantity Does Not Change
TFC inc
TFC dec
TVC dec
TVC inc
Price inc
Price dec
For each of the following: State how the quantity of profit max will be affected. HINT: SKETCH THE GRAPH!
Profit Max Quantity Inc
Profit Max Quantity Decreases
Profit Max Quantity Does Not Change
TFC inc
TFC dec
TVC dec
TVC inc
Price inc
Price dec