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3 years ago

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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Answer:

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Explanation:

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Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.

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3 years ago

Who do i write the check to for speeding ticket?

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3 years ago

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The future value and present value equations also help in finding the interest rate and the number of years that correspond to p

bonufazy [111]

Answer:

r = 4% at this rate a principal of 12,800 returns 16,843.93 in seven years

Explanation:

We will calculate the interest rate at which a principal of 12,800 return 16,843.93 in seven years

$Principal \: (1+ r)^{time} = Amount$

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time 7 years

rate ?

Amount 16,843.93

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3 years ago

The United States, making up less than 5 percent of the world's population, uses more than ___ of the world's commercial energy

erastovalidia [21]

Despite that the country takes less than 5% of world population, it accounts for more than two-third of the world's commercial energy production.

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Therefore, the answer is that United States uses more than two-third (2/3) of the world's commercial energy production.

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2 years ago

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

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