Why does the marginal cost curve pass through the bottom of the average cost curve and the
Question:
Why does the marginal cost curve pass through the bottom of the average cost curve and the average variable cost curve?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
When the additional cost of one more unit the marginal cost is le...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
Question Posted:
Students also viewed these Business questions
-
Why does the marginal cost curve intersect the average variable and average total cost curves at their respective minimum points?
-
Pollution that increases firm costs - Barney's Solution: Consider the same situation as the one described in exercise 21.9. A: Assume again that the only impact of pollution is that it increases firm...
-
Mookie The Beagle Concierge Trial Balance As of January 31,2023 is given 1001 Checking 1010 Money Market 1100 Accounts Receivable (A/R) 1210 Prepaid Expenses:Supplies 1220 Prepaid Expenses:Insurance...
-
Certain partners of the Finley Kumble law firm signed promissory notes that secured loans made to the law firm by the National Bank of Washington (NBW). When Finley Kumble subsequently declared...
-
Terrorism-related stress tends to foster negative attitudes towards the local population and this may compound the adjustment problems of the expatriate and family. How can a multinational help deal...
-
Distinguish between environmental impact, environmental quality and environmental effect. How are these related to life-cycle assessment?
-
On St. Patrick's Day, men spend an average of $43.87 while women spend an average of $29.54 (USA TODAY, March 17, 2009). Assume the standard deviations of spending for men and women are $3 and $11,...
-
Members or candidates must treat all clients fairly in light of their investment objectives and circumstances. Explain the statement with the right Standard of Professional Conduct. The question is a...
-
Make a list of six aims that a manager of a high street department store might have. Identify some conflicts that might arise between these aims.
-
The following are some costs incurred by a shoe manufacturer. Decide whether each one is a fixed cost or a variable cost or has some element of both. (a) The cost of leather; (b) The fee paid to an...
-
The data set represents the amounts of time (in minutes) spent checking email for a random sample of employees at a company. 7.5 2.0 12.1 8.8 9.4 7.3 1.9 2.8 7.0 7.3 (a) Find the sample mean and the...
-
Plymouth Corporation has only one class of stock. There are 8 4 , 0 0 0 shares outstanding. During 2 0 X 1 , the corporations net income after taxes was $ 6 7 2 , 0 0 0 . The policy of the...
-
Alex, Betty and Charles are each one-third partners for profits, losses and capital in the ABC Partnership, a cash basis calendar year partnership. On 1/1/X1 each of the partners contributed the...
-
Use the energy method to determine the equations of motion and the natural frequencies of the systems shown in the following figures: k www 30 111 m
-
Gul, Raza and Sami are partners in GRS Garments. Raza discovered that a supplier MP offers reasonable rates for consumables stores and put forth a resolution that MP should be included in the firm's...
-
Complete the following to determine the restrictions on net position at the government-wide level. Be sure to deduct accrued interest on long-term debt in calculating the December 31, 2023, balance...
-
What can the inventory turnover ratio tell us? Discuss.
-
Periwinkle Company is a multinational organization. Its Parts Division is located in Lavender Land, while its Assembly Division is located in North Orchid. During the current year Periwinkle Companys...
-
The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: There were nearly four million fewer riders in December 1995, the first full month after the price of...
-
Consider public policy aimed at smoking. a. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $2 and the government wants to...
-
You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. Should you increase or decrease the price of admission? Explain.
-
The following information relates to Preston Financial Services, anaccounting practice. The business specialises in providing accountingand taxation work for dentists and doctors. In the main the...
-
what ways do power and ideology interact to maintain and justify systems of social stratification in various cultural contexts ?
-
Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,650,000. Information regarding resources for the month follows. Resources Used Resources Supplied Parts...
Study smarter with the SolutionInn App