ECONOMICS 356

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.


Order a Similar Paper Order a Different Paper

A) Discuss the relationships and properties of cost measures, Total Cost, Average Cost, Marginal Cost and Variable cost, etc. How important are these cost measures in production decisions. Give some real-world examples from your workplace.

B1) Explain what could cause a shift in the short run Average Cost curve from SAC1 to SAC3. Does this scenario apply to products made by your firm?

Figure 1: short run average cost curves

[img src=”http://farm4.staticflickr.com/3023/2397592798_63c7bbc129.jpg”>
B2). Discuss the differences in following three Long Run Average Cost Curves (LRAC). Use the appropriate economic terminology. What is the shape of your company’s present LRAC? LRAC? Explain. 

Figure 2: long run average cost curves

Screen Shot 2013-05-03 at 6.46.14 PM.png 

"Is this question part of your assignment? We can help"

ORDER NOW

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper