08 Effect of a Change in Fixed Cost/Variable Cost
Learning objectives:
- Explain what the effect of a change of variable costs will be on the output of a firm in perfect competition.
- Show the effect of a change of variable costs in a diagram for a firm in perfect competition.
- Explain what the effect of a change of the fixed cost will be on the output of a firm in perfect competition.
- Show the effect of a change in fixed costs in a diagram for a firm in perfect competition.
Licence: Creative Commons Attribution Share Alike 4.0 International
Keywords: economics, macro economics, micro economics, economic structure, diagram perfect competition
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