Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Variable and Total cost curve
* Consequently (from the table which is given):
- MC initially decreases with increasing returns
- MC increases with the decreasing returns
* The line drawn from origin to tangent of variable cost curve:
- Its slope equals AVC
- The slope of point on VC equals MC
- Thus, MC = AVC at 7 units of output (point A)
* Unit Costs
- AFC continuously falls
- When MC < AVC or MC < ATC, AVC and ATC decrease
- When MC > AVC or MC > ATC, AVC & ATC increase
- MC = AVC and ATC at the minimum AVC and ATC
- Minimum AVC occurs at lower output than minimum ATC because of FC
why the PPC curve slopes downward?
Consumer Behavior The description of how consumers allot their resources (income) to the purchase of various goods and services to get maximum in their well being. There a
why diminish MRS?
Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Suppose the
"Assume the local fixed telecommunications company is a monopoly. It costs the company €2 per month to give voice messages service to a customer. Elasticity of demand for voice mes
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
Ask question #Minimu2. Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appra
what is equilibrium
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age
Answer the following question Focus on Real Estate Development Normal 0 false false false EN-IN X-NONE X-NONE
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd