If the marginal cost exceeds the average cost then a) The average cost must be decreasing b)

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

Question:

If the marginal cost exceeds the average cost then

a) The average cost must be decreasing

b) the average cost must be increasing

c) the average cost is constant

d) The marginal cost is constant

e) None of the above

Related Book For answer-question

Public Finance A Contemporary Application of Theory to Policy

ISBN: 978-1285173955

11th edition

Authors: David N Hyman

Posted Date: Jun 12, 2024 12:12 PM

See More Questions

21. Long-term planning models (S30.4) The financial statements of Eagle Sport Supply are shown in Table 30.17. For simplicity, Costs include interest. Assume that Eagles assets are proportional to...
A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of computer support is $6 million. The following information is given:...
You want to buy a $ 318386 home. You plan to pay 16 % as a down payment, and take out a 21 year loan for the rest. What will your monthly payments be if the interest rate is 9.3 %
A semicircular plate of radius r, oriented as in the figure, is submerged in fluid of density 68 lb/ft 3 so that its diameter is located at a depth of m feet. Calculate the force on one side of the...
Can someone please explain where the highlighted number is coming from? Thank you in advance. ! Required information [The following information applies to the questions displayed below.] Harbortown...
In order to pay his rent, Tom, a college student, has taken a job in the computer department of a local department store. His only responsibility is to answer telephone calls to the department, most...
How does database normalization impact data integrity and query performance in complex relational schemas ? Explain
Company, a soft-drink vendor, has created a table of costs for three stocking decisions for three different states of nature: Alternatives States of Nature Low Demand Medium Demand High Demand Large...
utilizes a project scheduling software application to develop a project schedule for a construction project.
Kimi is a server or restaurant and relies on tips from a customers to make a living. She doesn't really enjoy her job and frequently think about quitting because she is constantly having 2% a happy...
Your firm is contemplating the purchase of a new $440,000 computer-based order entry system. The system will be depreciated straight-line to zero over its 6-year life. It will be worth $57,000 at the...

If the marginal cost exceeds the average cost then a) The average cost must be decreasing b)

Question:

Expert Answer:

The Answer is in the image, click to view ... View the full answer

Public Finance A Contemporary Application of Theory to Policy

Students also viewed these Economics questions