What can we say about marginal costs in relation to atc

Assignment Help Business Economics
Reference no: EM13149079

Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?

Reference no: EM13149079

Questions Cloud

Determine the solubility of co2 : determine the solubility of CO2 in soda water at 25 degreeC if the pressure of CO2 is 5.2 atm
Find evidence to show mean oil change time is different : Standard deviation of 8.3 minutes. Assuming normality, at the a = .05 level, is there enough evidence to show the mean oil change time is different?
Current carrying value of unprofitable stores : Explain why Food Lion must write down the current carrying value of its unprofitable stores. Explain why the recent $9.5 million charge to write down these impaired assets is considered a noncash expense.
Calculate the amount of income tax and the average tax rate : A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning: $30,000 a year $60,000 a year
What can we say about marginal costs in relation to atc : Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?
Basics of earnings per share computation : On December 31, 2010, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2011. On September 30, 2011, 12,000 shares of common stock were reacquired as treasury stock. What i..
Complete hypotheses testing using p value approach : Psychological test. For the sample data, n = 50,mean = 17.3 and S.D = 5.4.USE level of significance = .05. Complete hypotheses testing using P value approach.
Determining role the objective setting process : Describe the role the objective setting process plays in how and if auditing objectives are met. What are some steps you might take to ensure you consistently meet audit objectives?
Is the same true for fiscal expansion : Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?

Reviews

Write a Review

 

Business Economics Questions & Answers

  What kind of goods are gasoline and road deaths

What kind of goods are gasoline and road deaths. How might this impact how we evaluate increases in gasoline prices.

  Illustrate what happens when a per unit subsidy is replaced

Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.

  What must the drivers have the drivers believed

Illustrate what must the drivers have the drivers believed about the price elasticity of demand for taxi rides

  Gdp every capita in the united states

Europe has leveled off at Illustrate what fraction of GDP every capita in the United States.

  What feature of a ppf illustrates increasing opportunity

Illustrate what feature of a PPF illustrates increasing opportunity cost also elucidate why does your PPF not have this feature.

  How farmer jones carrots and buys beets

How Farmer jones carrots and buys beets. His income eLasticity of demand for both carrots and beets is posotive.an increase in the price of carrots causes him to.

  Explain how will a depreation of the rand influence

If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.

  Citys utility maximizing population

Compute the resulting utility if the population were on million higher and one million lower than the optimum.

  Economics analysis of that liability standard

Give an economics analysis of that liability standard for product-related harms.

  Crowding-out effects and the mpc

How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.

  How owner and operator of a perfectly competitive firm

Suppose that you are the owner and operator of a perfectly competitive firm with the following total cost function.

  Reserve bank has lowered the cash

Since November 2011, the Reserve Bank has lowered the cash rate on eight separate occasions from 4.75% to 2.5%. Clearly, the Bank has become far less concerned about inflation and is giving a much greater emphasis to unemployment in its policy reacti..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd