Suppose the marginal cost curve in the short run

Assignment Help Business Economics

Reference no: EM131385520

Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must be _____ and _____ must be _____.

A. average total cost; increasing; marginal cost; decreasing

B. marginal product; increasing; average fixed cost; decreasing

C. average variable cost; decreasing; average fixed cost; increasing

D. marginal product; increasing; average variable cost; decreasing

Reference no: EM131385520

Questions Cloud

Explain what the federal funds rate : The FOMC is scheduled to meet on December 13-14 and it is anticipated that they will raise the federal funds rate. Explain what the federal funds rate is. Current inflation is less than the Fed's 2% goal. Does a lower interest rate help the Fed achie..

What would the market price for used cars be : There are 1,000 individuals in the city of Lincoln wishing to sell their used cars. The value of a car, V, ranges between $0 and $3000. The distribution of values is such that the number of used cars is worth less than $V is V/3. The true value of th..

Labor market from the two point views of supply and demand : What are the 2 different approaches to the presentation of a job offer? What are the advantages and disadvantages of each? Discuss the labor market from the two point views of supply and demand. What are the key areas that should be included in a job..

Who would be hurt by unanticipated inflation : The fact that millions of jobs are created and destroyed every year is a sign of. The full employment in the economy is considered to be achieved when. Who would be hurt by unanticipated inflation?

Suppose the marginal cost curve in the short run : Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must be _____ and _____ must be _____.

Suppose the demand for french bread rises : Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour. Illustrate your answers with diagrams.

Part of the potential labor force : If you are available for work and have looked for a job at some point during the previous twelve months, but have not actively looked during the previous four weeks, you are considered. Suppose that you are available for work but have not looked for ..

Keynesians-monetarists with regard to using monetary policy : What are the differences between Keynesians and Monetarists with regard to using monetary policy to grow Real GDP?

Marginal cost is the change : If nominal GDP in a given year is $11,000 billion and real GDP is $10,000 billion, then the GDP Price Deflator is equal to. Marginal cost is the change in _____ cost resulting from a one-unit change in _____.

User Account

All Pages