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DerKrebs [107]
3 years ago
7

Marginal cost is ________ the average variable cost and the average total cost when they are ________

Business
1 answer:
fredd [130]3 years ago
8 0

Answer: equal to; at their minimum.

Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.

Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.

Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

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A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, a
olga2289 [7]

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

7 0
2 years ago
Viral promotion involves: Group of answer choices sending a pre-written set of messages to customers or prospects over time. off
marta [7]

Answer:

leveraging a firm's customers to promote a product or service

Explanation:

Viral promotion is a form of marketing in which a good or service is promoted using a firms' social network,

For example, if a firm is about to launch a new product and it wants to do a viral promotion, it would make use of the firms existing customers to promote the good

4 0
3 years ago
Why is a consumer likely to be worse off when a product that he or she consumes is rationed?​
KIM [24]
When the price of the good is fixed at a level below the current (equilibrium) price, there will be a shortage of the good and the good will have to be effectively rationed. As in the question above, the consumer is worse off because she is not able to attain her utility maximizing point.
5 0
3 years ago
you are considering investing in general motors (GM). which of the following is an example of diversifable risk? a. risk resulti
Maru [420]

Answer:

d. risk resulting from an expected automobile industry shock g

Explanation:

Non systemic risk are risks that can be diversified away. they are also called company specific risk or industry specific risk . Examples of this type of risk is a manager engaging in fraudulent activities and risk resulting from an expected automobile industry shock

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

7 0
3 years ago
Refer to Scenario 1.1. The customers of Green Hills Cemeteries are most likely choosing the Green Hills business because of its
scoray [572]

Answer:Environmental consciousness; market orientation

Explanation:

Market orientation is an approach to business that prioritizes identifying the needs and desires of consumers and creating products that satisfy them.

Environmental consciousness on the other hand is showing conscience for the environment.

3 0
3 years ago
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