If marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost
The Average Variable Cost:
<h3>What is Marginal Cost?</h3>
This refers to the total production cost change which is associated with the production of one unit of utility.
With this in mind, we can see that if the marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost would decrease and the average variable cost would increase.
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Answer:
COGS = $120,000
Explanation:
We have to determine the average cost per unit:
- 10,000 units at $3 per unit, total cost $30,000
- 20,000 units at $6 per unit, total cost $120,000
There are 30,000 units with a total cost of $150,000. The average cost per unit = $150,000 / 30,000 units = $5 per unit
On August 15, 24,000 units were sold and the COGS was $120,000 (= 24,000 units x $5 per unit)
"<span>They increase or decrease supply or demand" is the one way among the following choices given in the question that </span><span>drive markets toward equilibrium. The correct option among all the options that are given in the question is the second option or option "B". I hope that this is the answer that has come to your help.</span>
Answer:
Explanation: Mail companies use a cellular network and Global Positioning System (GPS) technology to obtain real-time delivery tracking and location information
