CH5 - 5-1a À½ª* o 5-2 h½ª* ÁÙ 5-3 h½ª* ÁÙ - 5-1...

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Unformatted text preview: 5-1a À½ª* o 5-2 h½ª* ÁÙ 5-3 h½ª* ÁÙ - 5-1 5-1 5-2 5-3 5-1 (¸ 8F 5-1.1 5-1.2 5-1.3 - 5-1 5-1 5-2 5-3 0+ÖÁ½ª* 0+ÖÁ½ª* 0+ÖÁ½ª* 0+ÖÁ½ª* Ø ª* 5-1 5-1 5-2 5-3 ° 0+ ð 0+ ð (explicit cost) ¥° cost) - -(explicit (implicit cost) (opportunity cost) - 5-1 5-2 5-3 h 0+@ÒÁ½ª*cÚ 0+ ð 0+ÓÁ½ª*cÚ 0+@ÒÁ½ª* ð 5-1 5-2 5-3 ª ÈÛpº • 0+×Á½ª*cÚ 0+•À½ª*cÚ ª* ½ 5-1 5-2 5-3 ) + 0 5 ð + 0 5 ð + 0 5 ð ) 5-1 5-2 5-3 5-2ª ½ a8 *À 5-2.1ª ½ a8 À 5-2.2 (average cost - AC) 5-2.3 MC) 5-2.4 FÐ Ã} (marginal cost - 5-1 5-2 5-2 5-3 Ô a½ * Áª ª * ª ½+cÚ Á o Ô +ð ð 50 +5 0 ðð +5 0 ðð +5 0 ðð - (total fixed cost - TFC) ñ˜ - 5-1 5-2 5-3 1000 TFC 5-1 5-2 5-2 5-3 ª 5+ ð 0ð (total variable cost - TVC) ˆ€ *Ä Ú ª + c ½ 0o g À *À g ª ½ a *À g ª ½ a Á Ý * ˜½ ª Á Ý * ˜½ ª 5ñ˜ * ª 5 ½ Á ñ +Ý ˜0ð • *À g ª ½ a 5-1 5-2 5-3 TVC TVC TVC - 5-1 5-2 5-3 (total cost - TC) TC b 5-1 5-2 5-3 (average cost - AC) ª* cost - AFC) S0 (average fixed S0 ½ Á Ñ èª* cost - AVC) + 0ð 5 ð (average variable S0 5-1 5-2 5-3 0+ 0+ pá· (AFC)õ È* ª¶… (AVC) - TC TFC + TVC TFC TVC AC = = = + = AFC + AVC Q Q Q Q 5-1 5-2 5-3 AC AVC AFC 5-1 5-2 5-3 (marginal cost , MC) ( P * ªÁ ½ Ü * ªÁ ½ Ü MC 5-1 5-2 5-3 ð 5ð0+ Á½ªø Õ 5 AC øÁ½ª* Õ ñ ˜ð0+•ÝÁ½ª*c AVC ø½ª* ÁÕ Á Õ ø½ª* MC AC AVC 5-1 5-2 5-3 5-3 ø½ª* ÁÓ 5-3.1ø* ª½ Á Ó 5-3.2 ø* ª½ Á Ó 5-3.3 ø* ª½ Á Ó - 5-1 5-2 5-3 ª½È À 0+À½ª* 0+À½ª* `%> (envelope curve) - 5-1 5-2 5-3 F STC(3 F ) STC(2 F ) STC(1 F ) LTC - 20 ð 5+ ð ª ½ À*a A Q0 ª 3 À*a ½A 1- Q0 5-1 5-2 5-3 ª* ½ À ø 0+•À½ª* SAC 1 SAC SAC SA C 2 7 8 SAC 3 SAC SAC 4 6 LAC SAC 5 5-1 5-2 5-3 ª* ½ Á Û ¸ 0+ • SMC(1 F ) SAC(1 F) SMC(2 F) SAC(2 F ) SMC(3 F) LMC SAC(3 F LAC ) Q 1 Q 2 Q 3 ...
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This note was uploaded on 04/18/2010 for the course FINANCE 1231854365 taught by Professor Wuyiling during the Spring '10 term at Nashville State Community College.

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CH5 - 5-1a À½ª* o 5-2 h½ª* ÁÙ 5-3 h½ª* ÁÙ - 5-1...

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