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
hoe does the knowledge of price elasticity of demand important to the government
A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college
Determine the Cost Efficient Levels of Emissions Reduction Two firms produce a pollutant called Q. The total cost of reducing emissions of Q are as follows for Firm 1 and Fir
Elasticity- a) The price of good X goes up by 2.75%, the quantity demanded of good Y goes from 10,500 units to 25,000. What is the Exy? What does that number mean? What is th
What actions could a government take in order to keep the price above market equilibrium? There are four basic possibilities here; 1) Minimum price; 2) A tax on the good
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Basics of Theory of demand: The most famous approach in the history of consumer behaviour, after indifference curve approach, is the revealed preference approach. In the revea
What is Rubenstein''s model in Game theory? A Rubinstein bargaining model is mainly refers to class of bargaining games which is main feature of alternating offers through an infi
using demand and supply curves explain how shortage and surplus are created
Select the production possibilities curve for an economy with 42 units of labor
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