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 94 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
:D TYSM

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Variable expressivity Variable expressivity
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium. The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium.
Variable Gases: Methane Variable Gases: Methane
Mechanisms of negative control of transcription Mechanisms of negative control of transcription
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library