The cost of the first item is the same as the average total cost.Marginal cost is the cost of the last unit.
Surely this means that the two curves - ATC and MC - must start in the same place?
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Oh what a tangled web we weave, When first we practice to deceive
Labels
- credit crunch (1)
- Fiscal (1)
- Ksawery (1)
- Monika (1)
- Output Gap (1)
- Phillips Curve (1)
- price mechanism (1)
- Public goods (1)
My Blog List
-
-
-
Garraph Images8 years ago
-
so SICK of it...12 years ago
-
-
Jam Busters13 years ago
-
-
-
The recommendations for the Barker Ltd14 years ago
-
Hopefully it will be continued14 years ago
-
High Speed Rail14 years ago
-
Butter Mountains14 years ago
-
Anand Short Questions 114 years ago
-
Operationalising concepts.14 years ago
-
Examiner report for Unit 1 (Jan 2008)14 years ago
-
-
Invisible counter
Useful and interesting links
Followers
Blog Archive
-
▼
2009
(55)
-
▼
March
(39)
- Prostitutes, rice and Giffen goods.
- The Trick
- House prices falling...
- Money supply
- Deflation
- The current recession
- Raising taxes does not slow inflation
- Global warming - keep the State out!
- Government should not regulate the banks!
- We should NOT be more competitive!
- Video...
- Low interest rates for economic recovery
- Consumption is the main source of growth
- Tax cuts boost the economy
- Tax cuts make people work harder
- Unemployment
- Unemployment
- Free Trade
- Current account deficit
- Budget Deficit
- Monopoly
- Ceteris Paribus
- Impulse purchasing
- Money Supply
- Aggregate Demand
- Cost Push Inflation
- Cost Push Inflation
- Butter Mountains etc
- PED and Income
- Price Elasticity of Demand
- Oligopoly
- Production Possibility Curve
- The diagram on the left shows the Marginal Cost cu...
- Marginal cost
- Demand curve
- Supply Curve
- Elastic supply
- The Phillips Curve
- Output Gap
-
▼
March
(39)
No comments:
Post a Comment