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Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question
This shows the cost curve relationships among ATC, AVC, and AFC in the [...]

The difference between ATC and AVC at any output quantity is exactly equal to the [...]

Answer
short run.

amount of AFC.

Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question
This shows the cost curve relationships among ATC, AVC, and AFC in the [...]

The difference between ATC and AVC at any output quantity is exactly equal to the [...]

Answer
?

Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question
This shows the cost curve relationships among ATC, AVC, and AFC in the [...]

The difference between ATC and AVC at any output quantity is exactly equal to the [...]

Answer
short run.

amount of AFC.
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This shows the cost curve relationships among ATC, AVC, and AFC in the short run. The difference between ATC and AVC at any output quantity is exactly equal to the amount of AFC. Both ATC and AVC take on a bowl-shaped pattern in which each curv

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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