Consider a firm that uses only one fixed input and one variable input.
a. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the fixed input.
b. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the variable input.

Question

Consider a firm that uses only one fixed input and one variable input.
a. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the fixed input.
 b. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the variable input.

Quizplus · Accepted Answer

The Answer of Consider a firm that uses only one fixed input and one variable input.
a. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the fixed input.
 b. Explain how this firm's TC, TVC, and TFC curves will be affected by a government tax on the variable input.

Consider a Firm That Uses Only One Fixed Input and One