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

  Why european nations were growing very slowly

The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.

  Real world to strengthen your position

Make sure to make available examples of real world to strengthen your position of wherever this might be case

  Why he deadweight loss would be larger in the market

The demand for milk is more elastic than the demand for water. Suppose the government levies an equivalent tax on milk and water. W hy he deadweight loss would be larger in the market for which item.

  New vehicle technologies to reduce costs

Evaluating new vehicle technologies to reduce costs is important for companies like UPS also other companies involved in parcel delivery services.

  Illustrate what will be the consumer consumption of gasoline

Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.

  Describe the common allegation

Describe the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of someform of price-setting agreement

  Elucidate briefly what kind of supply and demand elasticity

congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..

  Estimate and explain how the electrical monopolist

Estimate and explain how the electrical monopolist would determine its profit-maximizing price and output level.

  Find equilibrium price and equilibrium quantity

Find equilibrium price and equilibrium quantity by solving equations mathematically. Suppose a Research study is published showing that koby beef increases risk for a heart attack resulting in a reduction of 150 pounds of koby beef consumption per..

  Elucidate why a system of marketable pollution permits lead

Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

  Construction of handmade rugs

Consider the construction of handmade rugs moreover assembly line robots in Canada and India.

  Explain why does not just one state produce all of orange

explain why does not just one state produce all of the orange juice for the U.S. market? Can you answer this question without the simulation.

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