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WARRIOR [948]
2 years ago
15

If marginal cost exceeds average variable cost but is less than average total cost, then as output increases average total cost

________ and average variable cost ________.
Business
1 answer:
Juliette [100K]2 years ago
6 0

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

  • Decrease and;

The Average Variable Cost:

  • Increase

<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.

Read more about marginal cost here:
brainly.com/question/11689872

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The requirement analysis is one of the phrases of SDLC (Software development life cycle). The requirement analysis is also known as requirement engineering.

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Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit then what is the optimal
skelet666 [1.2K]

Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit $1.75 is the optimal price to maximize profit.

The income maximization system depends on income general sales overall fee. consequently, a firm maximizes earnings while MR = MC, that is the primary order, and the second order depends on the first order. This idea differs from wealth maximization in phrases of length for income earnings and the company's goals.

Calculation,

The demand equation q=20,000 p^(-1.4)

The production constant is $0.50

maximum profit= $1.75

The choicest charge is that charge point at which the total earnings of the seller are maximized. while the rate is just too low the vendor is shifting a big quantity of devices but income is the best possible combination of income. Examples of income maximizations like this encompass: discovering less expensive raw materials than those presently used. discover a provider that gives better charges for inventory purchases. locate product resources with decreased delivery prices. lessen labor expenses.

Learn more about The optimal price here:-brainly.com/question/28332226

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4 0
1 year ago
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Answer:

Yes the statement is correct.

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Businesses should focus on a single product and try to create a niche market. The product should be unique and its features should be extensively different from the other competitive products available in the market. This creates heavy switching cost to customers which ensures the business that customers will retain loyal to it. You can everything for few customers. They will not want to leave you because of your product specific features that are not available in the market.

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