The reason why the ATC curve begins to rise is: the AFC curve continues to decline...
The reason why the ATC curve begins to rise is:
| the AFC curve continues to decline with more output. |
| the Law of Diminishing Marginal Returns. |
| Marginal Costs continusoulsy decline. |
| Marginal Revenues decline after unti elasticity. |
Homework Answers
Ans: The correct option is "the Law of Diminishing Marginal Returns". It states that, as we increase more amount of one input in the production, the result is smaller increase in the output. Hence, the average total cost rises.
ATC = TC / Q
As the total cost which is cost incurred on inputs rises more than the rise in output, the ATC rises.
Add Answer to:
The reason why the ATC curve begins to rise is:
the AFC curve continues to decline...
QUESTION 1 In the short run, the ATC curve is _____ above the AVC curve. A....
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Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90...
Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90 75- 60 45 30 15 0 6 Labour (workers per day) a) The marginal cost curve first declines and then increases because of Constant marginal revenue The decline in the gap between ATC and AVC as output expands Increasing. then diminishing, marginal utility Increasing, then diminishing. marginal retuns b) The vertical distance between ATC and AVC measures Average fixed oost Economic profit per unit...
(7,90) Chairs per day AVC AFC 2 3 Labour (workers per day) a) The marginal cost...
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68. AFC: A) will fall in the early stages of production but rise when capacity is...
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Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...
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My explanation about these requirements are as follow:- Please i need more ideas to support my...
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In the graph, Sue's AFC curve The AVC Ourveis The ATC curve The MCO Ses Surfboards...
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Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90 75- 60 45 30 15 0 6 Labour (workers per day) a) The marginal cost curve first declines and then increases because of Constant marginal revenue The decline in the gap between ATC and AVC as output expands Increasing. then diminishing, marginal utility Increasing, then diminishing. marginal retuns b) The vertical distance between ATC and AVC measures Average fixed oost Economic profit per unit...
(7,90) Chairs per day AVC AFC 2 3 Labour (workers per day) a) The marginal cost curve first declines and then increases because of The decline in the gap between ATC and AVC as output expands Constant marginal revenue Increasing, then diminishing, marginal utility Increasing, then diminishing, marginal returns b) The vertical distance between ATC and AVC measures Marginal cost Economic profit per unit Average fixed cost Total fixed cost c) When the marginal cost curve lies above the AVC...
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925 $75 100 Refer to an above table. What is the average variable cost of producing three units of the output? $291.67 o $125 $100 $166.67 问题3 29 问题3 AVC ATC MC AFC Output TVC TC TFC $500 $200 $800 2 $75 $875 4 $925 5 100 $75 Which of the following is correct for this firm with the cost structure presented in the table...
68. AFC: A) will fall in the early stages of production but rise when capacity is maximized B) is constant at any given level of output. C) falls continuously as output increases. D) increases due to diminishing marginal returns. Reference: Ref 7-5 Production Data for Baseball Bat Company Labor (Number of Total Product Workers) (number of bats) 20 42 5 6 7 8 124 150 170 184 10 11 12 13 2 2 1 200 04 02 98 69. A)...
In the graph, Sue's AFC curve The AVC Ourveis The ATC curve The MCO Ses Surfboards worn 500 a work its total cost is $1.000 a work. The table shows the sol product schedule Labor Output surtoards per Costas por sur 50 70 160 When output is 160 surfboards a week, uverage feed cost is $.surfboard and average variable cost is $. surfboard. >>> Answer to 2 decimal places When output is 160 surfboards a week, werage total cost is...
nk spaces of this table. Note that Q, VC. TC, AFC. AVC. ATC. an o output, variable cost, total cost, average fixed cost, average the blank of total cost, and marginal cost, respectively. (10 Points) AFC TAVG 50 n/a n/a n/a n/a 10 10 10 60 30 80 30 6.67 20 36.67 100 150 12.5 37.5 150 30 8.3535 43.33 60 b Please graph the ATC, FC, MC curve respectively (5 Points) c What is shape of ATC and can...
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