Question: If the ATC curve is continually declining, what does this imply about the MC curve? Explain your answer.

If the ATC curve is continually declining, what does this imply about the MC curve? Explain your answer.

Step by Step Solution

★★★★★

3.41 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

For ATC to be declining MC must be les... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

788-B-E-M-E (6677).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

If marginal physical product is continually declining, what does marginal cost look like? Explain your answer.

Q:

If cash from operating activities increases as net earnings increase and declines when net earnings declines, what does this imply about the quality of earnings?

Q:

If = 0, what does this imply about the relationship between the nominal interest rate and the inflation rate?

Q:

ADDIS ABABA UNIVERSITY SCHOOL OF COMMERCE ECONOMICS PROGRAM UNIT MICROECONOMICS ASSIGNMENT (20%) I. Discuss the following concepts a. Why are AVC and ATC curves U- shaped in the short run? b. Which...

Q:

ADDIS ABABA UNIVERSITY SCHOOL OF COMMERCE ECONOMICS PROGRAM UNIT MICROECONOMICS ASSIGNMENT (20%) I. Discuss the following concepts a. Why are AVC and ATC curves U- shaped in the short run? b. Which...

Q:

ADDIS ABABA UNIVERSITY SCHOOL OF COMMERCE ECONOMICS PROGRAM UNIT MICROECONOMICS ASSIGNMENT (20%) I. Discuss the following concepts a. Why are AVC and ATC curves U- shaped in the short run? b. Which...

Q:

1.7 If the ATC curve is continually declining, what does this imply about the MC curve? Explain your answer

Q:

7 If the ATC curve is continually declining, what does this imply about the MC curve? Explain your answer.

Q:

If the average variable cost (AVC) curve is continually rising, what does this imply about the marginal cost (MC) curve? The MC curve is above the AVC curve. There are no implications because there...

Q:

refer to the files below (20 points) The market inverse demand curve is P(y) = 10 - 2y, and a monopolist's cost curve is y2 + 2. (a) What output level y maximizes the monopolist's revenue? What...

Q:

The concept of human civilization is highly complex and does not lend itself to a precise definition. Nevertheless, it will be readily conceded that one of its essential elements is mans constant...

Q:

Assume that the deflected shape of a beam AB with immovable pinned supports (see figure) is given by the equation v = δ sin Ï x/L, where δ is the deflection at the...

Q:

1 point When it comes to online data, most organizations should be making use of web analytics. What sort of information is available using this source? A An analysis of broad Internet trends B...

Q:

What skillset is probably used more often in either predictive or agile projects than any other skill? A. Emotional intelligence. B. Communications skills. C. Servant-leadership skills. D....

Q:

Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is...

Q:

You can either spend spring break working at home for $80 per day for five days or go to Florida for the week. If you stay home, your expenses will total about $100. If you go to Florida, the...

Q:

What is predatory pricing? Why is it illegal in many jurisdictions?

Q:

please answer all the sub Q at one time. I will post this question many times. Question 1 (14 marks) Call centers play an important role in managing day-to-day business communications with customers....

Q:

Emperors Clothes Fashions can invest $6 million in a new plant for producing invisible makeup. The plant has an expected life of 5 years, and expected sales are 7 million jars of makeup a year. Fixed...

Q:

D Question 3 2.5 pts Given the following sample, calculate the z score for a value of -6,131. Data 8,711 3,349 -5,254 W -919 4,052 820 -1,725 O 0.2953 O 0.1330 O -0.1630 O -0.6402 O -0.4732 O -1.6328