QUESTION 10
Posted: Wed Jul 06, 2022 6:29 pm
QUESTION10 (4 Marks)
Answer Question 10 and 11 using thediagram below. The diagram shows the daily average cost curve for aDVD producer.
Explain what happens to total cost atoutput levels greater than Z.
QUESTION11 (4 Marks)
At output levels greater than Z, whichone of the following correctly identifies what will happen to thecost?
Average fixedcost Average variablecost Marginalcost
Answer Question 10 and 11 using thediagram below. The diagram shows the daily average cost curve for aDVD producer.
Explain what happens to total cost atoutput levels greater than Z.
QUESTION11 (4 Marks)
At output levels greater than Z, whichone of the following correctly identifies what will happen to thecost?
Average fixedcost Average variablecost Marginalcost