标题: The curves related to AP, MP, AVC, MC, ATC, AFC [打印本页] 作者: rosewhite 时间: 2011-7-11 19:55 标题: The curves related to AP, MP, AVC, MC, ATC, AFC
Do you guys have any tips to remember these 3 graphs that we are supposed to know by heart? The first one is about MP and AP, the second about AVC and MC and the third one about MC, ATC, AVC and AFC.作者: ramdabom 时间: 2011-7-11 19:55
I find it helpful to draw them out. I am still weak in this area but figure it's not worth the time right now to really focus on this area where only a question or 2 will be asked.作者: chetan86 时间: 2011-7-11 19:56
Thats essentially two graphs. AVC and MC are included on the third one you mentioned.
Draw this out a few times:
AFC is constant (flat)
AVC is U shaped
ATC is AVC + AFC
MC runs thru the lowest point of each (AVC + ATC)
Once you're able to memorize that, (MP, AP) and (MC, AVC) are mirror images of eachother.作者: FVPV 时间: 2011-7-11 19:56
Yeah, and make sure you know how it looks for Monopoly v. Perfect Competition v. Monoploistic competition
I don't expect them to throw an Oligopoly or Monopsony Question related to the curves.
