Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
You have collected the following data on output and total variable costs:
Qb TVC ($)
4 . 177
5 . 198
6 . 218
7 . 243
8 . 279
9 . 330
10 . 400
Current fixed costs for the company equal $230. Draw two graphs, both with Q on the horizontal axis: one graph shows TVC and TC, and the other shows AVC
AC, and MC. Suppose that the government imposes a $65 property tax hike on all businesses; how will that affect your two graphs; i.e., which cost curves will be affected and how?
a. The property tax will shift up TC by $65 and AC by $65/Q (i.e., $65 divided by Q)
b. TC and AC will both shift up by $65/Q (i.e., $65 divided by Q
c. MC will shift up by the amount of the tax (i.e., by $65).
d. TC will shift up by $65 while AC and MC will shift down by $65/Q . (i.e., $65 divided by Q)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more