Why is the average fixed cost curve always declining

Assignment Help Business Economics

Reference no: EM13892172

Why is the average fixed cost curve always declining? a) Diminishing marginal product, b) we are dividing fixed costs by higher and higher levels of output, c) Marginal product first increases, then decreases. d) Marginal product first decreases, then increases

Reference no: EM13892172

Questions Cloud

Result in higher investment at existing interest rates : Which of these factors will result in higher investment at existing interest rates?

Marginal cost curves intersects the average total cost curve : The marginal cost curves intersects the average total cost curve.. a) at the efficient scale, b) where the firm maximizes profit, c) at the minimum of afc d) where fixed costs equals variable costs

Discuss the positive aspects of globalization : Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business.

Compute the approximate elasticity of supply : Compute the approximate elasticity of supply from the following data:

Why is the average fixed cost curve always declining : Why is the average fixed cost curve always declining

For the closed-economy-one-period model : For the closed-economy, one-period model, suppose that U (C, l) = ln (C) + β × l, and F (K, N) = zKαN 1−α , where β > 0, and 0

Will the free market equilibrium yield an optimal solution : What are the two arguments for government support of secondary education? What is an external benefit? If there is an external benefit in a market, will the free market equilibrium yield an optimal solution?

Current distributions and guaranteed payments : Wilson has a 40 percent interest in the assets and income of the CC&W Partnership, and the basis in his partnership interest is $45,000 at the beginning of 2014. During 2014, the partnership's net loss is $60,000 and Wilson's share of the loss is $24..

Job as a specialist in fighting forest fires : Sally and Joe recently graduated from college, both majoring in history. Joe took a prestigious job as a legal clerk. Sally took a job as a specialist in fighting forest fires. Both received additional training before entering their jobs. Who will li..

User Account

All Pages