What determines the steepness of the sratc curve

Subject: Others

Info

Published: December 20, 2021
Updated: December 20, 2021
Language: English
Downloads: 12

We have two main points which determines the steepness of the SRATC curve. The most obvious one is the costs associated to your business activities, and by extraction of that, the business type itself, regarding the goods and services you provide and the market where you exert.

The average total cost is the aggregate of all fixed costs you have in a firm essentially based on:

-. Amenities/ machinery,

-. Raw materials needed,

-. Capital,

-. Labour for the salary on your regular employees,

And the variable cost represents the next cost needed to produce more if you have reached the maximum of the production capacity, Q* At Q

Get Help With Your Essay

If you need assistance with writing your essay, our professional essay writing service is here to help!

Find out more

Thank's for Your Vote!

This work, titled "What determines the steepness of the sratc curve" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal

Cite this Essay

References

AssignBuster. (2021) 'What determines the steepness of the sratc curve'. 20 December.

Reference

AssignBuster. (2021, December 20). What determines the steepness of the sratc curve. Retrieved from https://assignbuster.com/what-determines-the-steepness-of-the-sratc-curve/

References

AssignBuster. 2021. "What determines the steepness of the sratc curve." December 20, 2021. https://assignbuster.com/what-determines-the-steepness-of-the-sratc-curve/.

1. AssignBuster. "What determines the steepness of the sratc curve." December 20, 2021. https://assignbuster.com/what-determines-the-steepness-of-the-sratc-curve/.

Bibliography

AssignBuster. "What determines the steepness of the sratc curve." December 20, 2021. https://assignbuster.com/what-determines-the-steepness-of-the-sratc-curve/.

Work Cited

"What determines the steepness of the sratc curve." AssignBuster, 20 Dec. 2021, assignbuster.com/what-determines-the-steepness-of-the-sratc-curve/.

Get in Touch

Please, let us know if you have any ideas on improving What determines the steepness of the sratc curve, or our service. We will be happy to hear what you think: [email protected]