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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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Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0
3 years ago
From 1948 to 2003 the United States experienced an average real GDP growth rate of 3.5 percent and Guatemala had an average real
Luda [366]

Answer:

No, we can’t say

Explanation:

In this question, we are asked to decide if we can say that Guatemala’s standard of living grew more than that of the US’ standard of living between the years 1993 and 2003 given the pointers in the question.

We cannot say that this is correct because of the following reasons;

As observed from the question, the US growth rate was calculated between the years 1948-2003, which is indicative of a 55 year span. Now, comparing this with that of Guatemala, we can see that the span here is just 10 years I.e from 1993 to 2003.

Also, we were not provided with the population growth rate in both countries and this makes it difficult to judge which of the two countries have a better growth in terms of standard of living

5 0
3 years ago
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Imagine you are the owner of a small local peanut butter company. You have many competitors in the peanut butter market but your
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Answer:

A

Explanation:

keeping a competitive edge

8 0
2 years ago
John Smith, one of three managers at BSG Labs, drafted a policy that would allow his department to do more testing in his lab. T
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Answer:

b. The policy made decisions for other departments in the company.

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John Smith made the policy alone without involving the other managers. When the policy was implemented, it had to work with other departments to ensure success.

As there are 3 managers and 3 departments at BSG Labs, John Smith should have formulated the new policy with the other managers, so that issues such as scheduling and coordination between bthe various departments will run smoothly.

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After Hurricane Katrina there was considerable public outrage that many of the properties were not insured against flooding alth
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A. the risk of wind damage is potentially diversifiable, but the risk of flooding is not

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Based on the scenario being described it can be said that the best explanation for these different approaches would be that the risk of wind damage is potentially diversifiable, but the risk of flooding is not. Meaning that  most insurance companies cover wind damage because it is most likely during a hurricane but flooding may be a unique situation which is not always covered by most insurance companies/policies.

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