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Vladimir [108]
3 years ago
6

If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any

?
Business
1 answer:
Ugo [173]3 years ago
4 0

Answer:

Average cost would be rising.

Explanation:

Average cost is the cost of goods produced divided by number of goods produced. Cost of goods include both fixed cost and variable cost. However, marginal cost is the cost incurred in producing on addition unit, it changes the total cost of production. When average cost decline then the marginal cost will be less than average cost. When average cost increases then the marginal cost will be greater than the average cost and if Average cost stay the same then marginal cost will be equal to average cost.

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Suppose the hot sauce firm cannot reduce the externality without reducing costs. What is a possible next step the government cou
Makovka662 [10]

Create a limit on the maximum no. of bottles the firm can make,

The required details about externality is mentioned in below paragraph.

<h3>How Do Externalities Work?</h3>

An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.

Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.

to learn about  externality here-

brainly.com/question/24258985

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8 0
1 year ago
What happens to the price of a good or service when a shortage of that good or service occurs?
Pachacha [2.7K]

Answer:

If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...

8 0
3 years ago
Last week, the Citizens for a Greener America sent a formal letter to Tee Time Golf Resort requesting that the private club meas
Lorico [155]

Answer:

3) a watchdog group.

Explanation:

"Citizens for a Greener America" is an organization that tries to monitor the carbon footprint of other institutions and then will make the information they discover public.

"Citizens for a Greener America" acts as a watchdog group that tries to discover and make public undesirable activities carried out by government, public or private organizations.

6 0
4 years ago
Explain six Differences between private and public company​
elena-s [515]
<h3>Question:</h3>

•explain six Differences between private and public company.

Answer:

•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

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6 0
2 years ago
On october 4, 2017, terry corporation had credit sales transactions of $2,500 from merchandising having a cost of $1,900. the en
Arturiano [62]

I believe that this problem has the following choices:

 

> a debit of $2,500 to Merchandise Inventory.

> a credit of $2,500 to Sales.

> a debit of $1,900 to Merchandise Inventory.

> a credit of $1,900 to Cost of Goods Sold.

 

The correct answer from the choices is:

<span>> a credit of $2,500 to Sales
</span>

 

<span> </span>

8 0
4 years ago
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