Marginal cost equals average variable cost

Assignment Help Business Economics

Reference no: EM13853464

If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the:

Marginal cost is decreasing

Marginal cost equals average variable cost

Average total cost equals average variable cost

Marginal cost equals average total cost

Reference no: EM13853464

Questions Cloud

What is the best approach to write the essay : What is the best approach to write the essay for the homework assignment (below). What type of template or document is available to complete this assignment. It is due today. The course is (MGMT-500) MBHO23 Applied Management Theory (MGMT-500-01A

Price change on the demand-supply-equilibrium price : The price of hamburger meat in College Town has recently fallen. Explain in detail the effects of this price change on the demand, supply, equilibrium price, and equilibrium quantity exchanged for fast food hamburgers in College Town and why. Draw a ..

What was the dominant life form of the mesozoic era? : What was the dominant life form of the Mesozoic era?

Choose an aspect of the information technology : Choose an aspect of the information technology (IT) industry that has not been previously used as an example in this course. Use Porter's five forces to make a qualitative evaluation of the industry's strategic position. Be sure to explain each of th..

Marginal cost equals average variable cost : If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the: Marginal cost is decreasing. Marginal cost equals average variable cost. Average total cost equals average variable cos..

Suppose there are two inputs in the production function : Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The firm wants to produce 100 units of output. Suppose th..

Sales operation to increase market share : Specializing in sales Operation to increase market share and accelerate growth. And CRM to managing a company's interaction with current and future customers

The couple can hold fred liable in contract for the services : Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. Then, because of a dispute between Daniel an..

Explain what is the router''s outside interface ip address : What is the router's outside interface IP address. What is the router's inside interface IP address. What is the Web site's public IP address. What is the private IP address of the backup web server

User Account

All Pages