This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If marginal cost exceeds average variable cost, a. average variable cost is negative b. average ... (Read 254 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
If marginal cost exceeds average variable cost,
 a. average variable cost is negative
  b. average variable cost is increasing
  c. marginal cost is greater than average total cost
  d. average variable cost is decreasing
  e. average fixed cost is increasing

Question 2

Which of the following correctly describes the relationship between the marginal cost and average variable cost curves?
 a. MC is everywhere above AVC
  b. AVC is everywhere above MC
  c. MC crosses AVC at AVC's minimum point
  d. MC crosses AVC at MC's minimum point
  e. both AVC and MC first rise and then fall


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


madam-professor

  • Member
  • Posts: 584
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
How to solve a linear system when the variable is in the denominator position (Question 2 of 2) How to solve a linear system when the variable is in the denominator position (Question 2 of 2)
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Separation of variable number tandem repeat (VNTR) alleles after PCR amplification Separation of variable number tandem repeat (VNTR) alleles after PCR amplification
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library