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
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.
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.
Maximum total depreciation deduction $ 2,103,479 Chaz Corporation has taxable income in 2020 of $368,000 for purposes of computing the §179 expense and acquired the following assets during the year: Assume CARES Act applies.
The item that is not normally included in the ANSI
recommendations but are included and recommended by other group is the defibrillator,
this is useful in medical situations in which it has the ability to treat
cardiac dysrhythmias that is life threatening.
It can hop on the trend to seem appealing. Ex: in the early 2000s, crop tops where a trend, so businesses where all making shirts that are crop tops so people would buy them.
