Unformatted text preview: the same value, and they would both be a horizontal line, as shown below. 3. If Average Variable Costs are constant, that means that it is a straight horizontal line. So if Average fixed costs are not 0, that means that the Average Total Cost will also be a straight horizontal line, that is parallel from average variable costs. It will look something like the picture on the right. ATC=AFC+AVC...
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- Fall '08
- Economics, average variable cost, average variable costs, Ryan Hayes