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Scenario
A hypothetical firm called Seago Bricks is specialising in production Bricks at unit of R3 and selling at a price of R6.The cost of labour increase from R150 to R200 per labourer visit a Seago Bricks or production firm of your choice to conduct research on the following. Explain the four basic costs curves that Seago Bricks will experience.(10)?

Respuesta :

aveannleach

Yes I believe your scenario is correct

The basic costs curves that Seago Bricks will experience include:

  • Marginal cost.
  • Average fixed cost.
  • Average variable cost.
  • Average total cost.

What is a fixed cost?

Fixed costs simply means the indirect costs that aren't dependent on the level of production.

Also, the total cost simply means the addition of the variable cost and the fixed cost.

Learn more about cost on:

https://brainly.com/question/25109150

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