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2 years ago

The average total cost curve and the marginal cost curve are related in that:

Business

1 answer:

Serga [27]2 years ago

3 0

Answer:

C. the MC curve passes through the minimum point of the ATC curve.

Explanation:

Marginal cost is the cost of producing additional unit, it is upward sloping as generally the cost that is additional as it tends to increase with increase in output.

Whereas Average Total Cost is a U shaped curve, it basically starts from a high point and then tends to decrease as the increase in number of units with constant fixed cost tends to decrease the average, but ultimately after it reaches its lowest point it tends to increase because now to produce units, there is extra cost required.

The Marginal Cost Curve touches the Average Total Cost curve at its lowest.

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A local university has a student population that is 55% male. 60% of students are undergraduates. 38% are both male and undergra

Mandarinka [93]

The probability that a randomly selected student is female and an undergraduate = 37%

The probability of being female or an undergraduate= 1.05

<h3>The male students</h3>

The male population = 55%

Therefore female population would be 1 - 0.55 = 45%

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Therefore female undergraduates = 60%-38%

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B. The probability that the student is female or undergraduate

P(A or B)

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