production theory, Microeconomics

why does gap between the ATC curve and the AVC curve decreases as the level of output increases
Posted Date: 4/12/2012 7:25:40 AM | Location : United States







Related Discussions:- production theory, Assignment Help, Ask Question on production theory, Get Answer, Expert's Help, production theory Discussions

Write discussion on production theory
Your posts are moderated
Related Questions
Why is it true that shortages usually occur mainly when price controls are in effect? In the nonexistence of price controls the shortage generally goes away quickly because price

"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.

discuss the problems of measuring productivity in actual work situations. how might productivity be measured for each of the following industries: education, government and manufac

Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) =  ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200

The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product.  For example, the quantity demanded

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

Returns from Education Monetary benefits from education are called as returns. Such benefits accruing to an individual are called as private returns. The sum of all private re


Learning Curve in Practice * Scenario - A new firm enters chemical processing industry. * Do they: 1) Produce a low level output and sell at high price? 2) Produce