Homework Answers
A marginal cost or the MC curve intersects the average cost curve at its minimum. That is at the minimum point of average cost curve, the marginal cost is equal to the average cost of production. The correct word to be filled in the box should be minimum.
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Amarea cole A marginal cost curve intersects the average cost curve at the tuse he was...
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point...
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point of the AP curve. Conversely, the marginal cost curve intersects the average variable cost curve at the minimum point of the AVC curve. a. Explain why this necessarily has to be the case. Present your answer both in mathematical and intuitive terms. Be as detailed as you possibly can in answering this question. b. Explain why the marginal cost curve above the average variable...
Efficient scale describes the point where... a. Marginal Revenue intersects the demand curve b. Marginal Revenue...
Efficient scale describes the point where... a. Marginal Revenue intersects the demand curve b. Marginal Revenue crosses Average Variable Cost c. Marginal Revenue crosses Average Total Cost d. Marginal Revenue crosses Marginal Cost
please as soon as possible 2. How does marginal productivity translate to marginal cost and represent...
please as soon as possible
2. How does marginal productivity translate to marginal cost and represent the firm's supply curve? Explain why the marginal cost curve intersects the average cost curve at the minimum point of the u-shaped average cost curve.
24. The long run average cost curve decreases due to a. A reduction in short run marginal cost b. A reduction in sh...
24. The long run average cost curve decreases due to a. A reduction in short run marginal cost b. A reduction in short run average cost curves c. Economies of scale d. Both a and b e. Both b and c You are given the following cost data: Quantity TVC TFC REALITATE 1250 12 25 34 46 25. What can you say regarding the pattern of the cost? a. Average fixed cost falls as quantity increases b. Average variable cost...
Which of the following statement is (are) TRUE? I. If marginal cost is rising, the average...
Which of the following statement is (are) TRUE? I. If marginal cost is rising, the average total cost must be rising. II. The marginal cost curve intersects both the average total and average variable cost curves at their minimum points. III. If marginal cost is less than average variable cost, the average variable cost curve is negatively sloped. a) I, II and III b) I and III c) II d) II and III
Question: Draw a graph showing demand curve, marginal-revenue curve, average-total-cost curve, and marginal-cost curve when monopolistic...
Question: Draw a graph showing demand curve, marginal-revenue curve, average-total-cost curve, and marginal-cost curve when monopolistic competitor in long run in loss situation.
Is it possible for the average total cost curve to decline if the marginal cost curve...
Is it possible for the average total cost curve to decline if the marginal cost curve is rising? Explain your answer. Would be greatly appreciated if it answered in 5sentences by yout own not copy and paste
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal...
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal cost curve. also a minimum point on a short-run average cost curve. O on a short-run average total cost curve. O on a short-run average variable cost curve. QUESTION 14 If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that O average variable costs are $100. o marginal costs are...
s which curves) does the marginal cost curve intersect at the (their) minimum point? Average total...
s which curves) does the marginal cost curve intersect at the (their) minimum point? Average total cost curve a Average fived cost curve Average vaniable cost curve D Average total cost curve and average variable cost curve 16 For the cast function C(O) 1000+ 14Q +90+ 3Q, what is the marginal cost of producing the fourth unit of output? A $42 6$295 C $230 D$116 17. For the cost function C(Q) 1000 +140+902+ 30 what averaqe variable cost of producing...
This graph shows a demand curve from point E to point S, an average cost curve...
This graph shows a demand curve from point E to point S, an
average cost curve labeled AC, a marginal cost curve labeled MC,
and a marginal revenue curve labeled MR. Under average-cost
pricing, the equilibrium price and output in the market are _____,
respectively.
(A) B and R
(B) A and T
(C) C and Q
(D) D and P
(E) A and Q
Price - MC MR R T S Quantity
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point of the AP curve. Conversely, the marginal cost curve intersects the average variable cost curve at the minimum point of the AVC curve. a. Explain why this necessarily has to be the case. Present your answer both in mathematical and intuitive terms. Be as detailed as you possibly can in answering this question. b. Explain why the marginal cost curve above the average variable...
please as soon as possible
2. How does marginal productivity translate to marginal cost and represent the firm's supply curve? Explain why the marginal cost curve intersects the average cost curve at the minimum point of the u-shaped average cost curve.
24. The long run average cost curve decreases due to a. A reduction in short run marginal cost b. A reduction in short run average cost curves c. Economies of scale d. Both a and b e. Both b and c You are given the following cost data: Quantity TVC TFC REALITATE 1250 12 25 34 46 25. What can you say regarding the pattern of the cost? a. Average fixed cost falls as quantity increases b. Average variable cost...
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal cost curve. also a minimum point on a short-run average cost curve. O on a short-run average total cost curve. O on a short-run average variable cost curve. QUESTION 14 If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that O average variable costs are $100. o marginal costs are...
s which curves) does the marginal cost curve intersect at the (their) minimum point? Average total cost curve a Average fived cost curve Average vaniable cost curve D Average total cost curve and average variable cost curve 16 For the cast function C(O) 1000+ 14Q +90+ 3Q, what is the marginal cost of producing the fourth unit of output? A $42 6$295 C $230 D$116 17. For the cost function C(Q) 1000 +140+902+ 30 what averaqe variable cost of producing...
This graph shows a demand curve from point E to point S, an
average cost curve labeled AC, a marginal cost curve labeled MC,
and a marginal revenue curve labeled MR. Under average-cost
pricing, the equilibrium price and output in the market are _____,
respectively.
(A) B and R
(B) A and T
(C) C and Q
(D) D and P
(E) A and Q
Price - MC MR R T S Quantity
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