Illustrate graphically the derivation of SAC curve from the TC curve assuming a cubic cost function.
Illustrate graphically the root of SAC incurvation from the TC incurvation stiff a sound require part. At what object of the TC incurvation is the SVC stint? Define final require. Show that MC = ΔTVC. (Hint: ΔTFC = 0) Illustrate graphically the root of SMC from the STC stiff a sound require part as TC = a + bQ − CQ2 + dQ3 . At what smooth of output is the SMC stint?