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marginal and average cost curves for fish-sitting business (using graph)

marginal and average cost curves for fish-sitting business (using graph)

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Answer #1

The marginal and average cost for fish sitting business is different from others. As fishing business shows there is extra cost associated with extra production and it's marginal cost and average cost are same.

The margiand average cost is only associated with extra cost interms of carring cost may be if there is very much change in catching fish. As fish are catched in open access there is no extra cost associated with highigher fishing. The change in cost is same with average cost.

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