The marginal cost curve intersects the average variable cost curve at the ______. a) shut-down point b)

Question:

The marginal cost curve intersects the average variable cost curve at the ______.

a) shut-down point

b) break-even point

c) maximum profi t point

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:00 AM

See More Questions

The diagram below shows an array of eight electrical switches all in the "off" state. If each switch has a random, independent and equal probability of 0.85 of being in the "on" state, what is the...
What are significant forces that have shaped operations management in business?
Consider the following scenario to understand the relationship between marginal and average values. Suppose Dmitri is a professional basketball player, and his game log for free throws can be...
3. How do the marginal costs of pollution reduction and the marginal costs of pollution damage change as pollution levels increase? The marginal costs of pollution reduction remain constant and the...
The following transactions are July 2014 activities of Bill's Extreme Bowling, Inc., which operates several bowling centres. If revenue is to be recognized in July, indicate the amount. If revenue is...
A venture capitalist firm wants to invest $1.5 million in your NYDeli internet venture that you started six months ago. You do not expect to make a profit until Year 4 when your net income is...
6. Does the calculation of the federal estate tax permit any deductions?
When a flammable liquid (such as gasoline or charcoal lighter fluid) ignites, it is not the liquid itself that burns: what actually happens is that the liquid vaporizes and the resulting airvapor...
A as others. 2 4 is a type of system that integrates the firm's functional areas like sales and marketing and accounting as well Enterprise system Legacy system Liturgical system None of the above
As output increases, eventually ________-. a) economies of scale become larger than diseconomies of scale b) diseconomies of scale become larger than economies of scale c) economies of scale and...
We fi nd price by dividing _______. a) total revenue by output b) output by total revenue c) total cost by output d) output by total cost
In Problems 25 54, solve each system. Use any method you wish. x - y = 21 x + y = 7
The following data are available for S&R company7 for its first month of operations: Direct materials Direct labor @P40/hr Job 101 Job 102 Job 103 P60,000 P90,000 P56,000 18,000 36,000 38,000...
1 2. Let A(x) = sin t + 1 dt, find A'(x) at x = 0, and 2 3. Evaluate the following definite integrals: 2 (a) (3x + 4x)dx 4 (b) xdx
A debt can be repaid with payments of $3912 today, $2436 in 2 years and $6770 in 5 years. What single payment will settle the debt 3 years from now if interest is 10.5% compounded quarterly?
With the PID/Freeze Frame/Snapshot data monitor function, input/output signal monitor items set in the start/stop control module can be selected and read out in real-time. Answer the following PID...
Which of the four global strategies (International, Multidomestic, Global-Standardization, or Transnational strategy) is 3M using? Is this the best strategy for it to use? Why or why not?
The AFL-CIO has undertaken a study of the yearly salaries (in thousands of dollars) of 30 administrative assistants. The organization wants to predict salaries from several other variables. The...
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
1. The immigration of low-skill workers generates net benefits for ________ workers because they benefit from lower________ without bearing the cost associated with lower ________. 2. Living Wage and...
1. The wage for a particular occupation will be relatively low if labor _______ (demand/supply) is small relative to labor _______ (demand/supply). 2. If a city has a relatively high crime rate, we...
1. The wage for a particular occupation will be relatively low if labor _______ (demand/supply) is small relative to labor _______ (demand/supply). 2. If a city has a relatively high crime rate, we...
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....

The marginal cost curve intersects the average variable cost curve at the ______. a) shut-down point b)

Question:

Step by Step Answer:

The marginal cost curve intersects the average variable cost curve at the minimum point of the avera...View the full answer

Microeconomics

Students also viewed these Business questions