Take three data sets of cost containing all types of cost tc, fc, tvc, fvc, vc, mc, avc, afc) and draw their schedules and curves and interpret the results. Now after doing that you have to identify the similarities and differences in three datas. Sample data is given in image.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Take three data sets of cost containing all types of cost tc, fc, tvc, fvc, vc, mc, avc, afc) and draw their schedules and curves and interpret the results.

Now after doing that you have to identify the similarities and differences in three datas.

Sample data is given in image.

Total costs for firm X
Output TFC TVC
(Q)
(£) (e)
100
12
12
10
16
80
12
12
12
12
12
12
21
28
40
60
91
5
40
20
TFC
3
5
0123 4S67
Transcribed Image Text:Total costs for firm X Output TFC TVC (Q) (£) (e) 100 12 12 10 16 80 12 12 12 12 12 12 21 28 40 60 91 5 40 20 TFC 3 5 0123 4S67
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