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!
Q. Example on Relationship between marginal and average cost?
This relationship between marginal and average cost can easily be recalled with the aid of Fig. below. It can be seen from figure that so long as MC is below AC, average cost falls which is, MC pulls AC downwards. When MC is above AC, average cost rises, which is, MC pulls AC upwards. When MC equals AC, average cost remains constant, which is, MC pulls AC horizontally. Arrows show the direction of these pulls.
Average and marginal cost
It is to be noted that a rising MC curve also cuts AVC curve at its lowest point. Reason for this is exactly the same as that we have given above to elucidate why MC cuts AC at its minimum point.
Jane, the manager of a company manufacturing air-conditioning units can choose between two production technologies for a new product line. If she chooses and installs technology 1,
Drafting of Price Policy: Demand forecasts assist the management to prepare a few appropriate pricing systems, so that level of price doesn't fall and rise to a great extent at th
Q. Time Factor for Determinants of Demand? Price-elasticity of demand depends moreover on the time that consumers take to adjust to a new price: longer the time taken, greater
THE COMPANY WOULD TO INCREASE THE PRICE OF STEEL IT SELLS BY 6% THE MANAGEMENT FORECAST ED THAT INCOME WILL RISE BY 4% NEXT YEAR AND THAT PRICE OF ALUMINIUM WILL FALL BY 2%. IF THE
Why Do Monopolies Exist? Monopolists have market power and as a consequence will charges higher prices and generate less output than a competitive industry. It produces profit
Explain the Theory of Production Cost and Production analysis is central for the unhampered functioning of the production process and for project planning. Production is an e
decision analysis
# review of Article what can economic theory contribute to managerial economic#
how sample size technique is helpful in demand forecasting of a particular product?
How do I do a log linear regression in excel
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