1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IceJOKER [234]
3 years ago
12

27. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curve

s have the same shape, though this may be harder to see since most of the marginal cost curve is increasing. Why do you think that average and marginal cost curves have the same general shape
Business
2 answers:
jasenka [17]3 years ago
6 0

Answer:

Explanation: Both the marginal cost curve and the average variable cost curve are U-shaped. For many firms, this is true because their production exhibits increasing returns at low levels of output and decreasing returns at high levels of output. At the minimum of average cost, the marginal cost curve intersects the average cost curve. This is because when marginal cost is above average cost, average cost is decreasing and when marginal cost is below average cost, average cost is decreasing.

Nana76 [90]3 years ago
4 0

Answer:

Explanation:

The economic theory that focuses on the average and marginal cost explains that, the average and marginal cost curves have the same general shape because,

The average cost curve depends directly on the marginal cost curve, since rising marginal costs must necessarily increase average costs, and falling marginal cost will also decrease average cost but the average cost will never enter the negative region.

You might be interested in
A change in the dollar value of the British pound from​ $1.60 to​ $1.50 represents A. an increase in the pound price of British
hram777 [196]

Answer:

Option (B) is correct.

Explanation:

1 pound = $1.60

1 pound = $1.50

So, there is a depreciation in the value of pound relative to the dollar and appreciation in the value of dollar relative to the pound.

Now, suppose a resident of united states purchase some quantity of goods(say, 20 shirts) from the seller in United kingdom.

Price of each shirt = 2 pounds

Hence,

Before the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.60)

= 20 × 3.2

= $64

After the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.50)

= 20 × 3

= $60

Hence, the amount paid by the resident of united states reduced because of the fall in exchange rate. Now, they have to pay less for the same amount of commodities. This shows that there is an appreciation in the currency of US relative to UK.

4 0
3 years ago
Wendell’s Donut Shoppe is investigating the purchase of a new $40,000 donut-making machine. The new machine would permit the com
Komok [63]

<u>Solution and Explanation:</u>

<u> Answer:1</u> The total annual cash inflows associated with the new machine for capital budgeting purposes is:

=\$ 5200+(2000 * \$ 2.40 \text { per dozen })

=$10000

<u>Answer:2 </u>The internal rate of return promised by the new machine to the nearest whole percent is:

Particulars  Year  Amount ($)

Cash outflow  0  -40000

Cash inflow  1  10000

                2  10000

               3  10000

                4  10000

               5  10000

              6  10000

IRR   13%

=13% using IRR function in excel.

<u>Answer:3</u> IRR=17%

with salvage value

Particulars  Year  Amount ($)

Cash outflow  0  -40000

Cash inflow  1  10000

                 2  10000

                3  10000

               4  10000

                5  10000

              6  22000

IRR   17%

using IRR function in excel.

5 0
3 years ago
_____ oversee the activities of first-line managers.
natta225 [31]
<span>Mid-level managers oversee the activities of first-line managers. Mid-level managers are responsible for their department and report to top management. Mid-level managers must make sure that resources are allocated correctly and must invest money in training and development, materials, supplies and technology. They communicate the goals and strategies to first-line managers.</span>
6 0
3 years ago
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the
Hunter-Best [27]

Answer:

Option (b) is correct.

Explanation:

There are three types of price discrimination:

(i) First degree price discrimination or Perfect price discrimination

(ii) Second degree price discrimination

(iii) Third degree price discrimination

Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.

Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product

4 0
3 years ago
Selecting a job based on your skills and interests is important, because on average, a person with a full time job works approxi
WINSTONCH [101]
C. 2000 hours a year.

Hope it helps!
6 0
2 years ago
Other questions:
  • Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. we could c
    6·1 answer
  • Sql has built-in functions, which are also called ____________________ functions.​
    15·1 answer
  • When Joe screens job applicants to ensure that he hires the most qualified candidate, he is performing the human resource functi
    9·2 answers
  • What is the endowment​ effect? A. Wealthier individuals place greater value on a particualr good relative to poorer individuals.
    10·1 answer
  • Latesha Moore has a choice at work between a traditional health insurance plan that pays 80 percent of the cost of doctor visits
    14·1 answer
  • The base of an aquarium with given volume V is made of slate and the sides are made of glass. If the slate costs three times as
    5·1 answer
  • Which of the following employees is most likely to be a hub? Multiple Choice Before his next project starts, Joseph wants his bo
    12·1 answer
  • During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash
    8·1 answer
  • Difference between administrative manpower and technical manpower​
    6·2 answers
  • On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!