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Economics Homework Twelve Answers - Student Five (view source)
Revision as of 14:40, December 13, 2009
, 14:40, December 13, 2009please also see
:Superb, may use as the model answer!
:Superb, may use as the model answer!
:Please also see: http://ingrimayne.com/econ/AllocatingRationing/MeasuringIncomeDist.html (Note the shape of the actual income distribution is different from the erroneous step function I described in Lecture 12. Sorry!)
6. Average Fixed Cost is the total fixed cost divided by quantity of units produced
6. Average Fixed Cost is the total fixed cost divided by quantity of units produced