If AVC is declining, then _______. a) marginal cost must be less than AVC b) marginal cost

Question:

If AVC is declining, then _______.

a) marginal cost must be less than AVC

b) marginal cost must be greater than ATC

c) AVC must be greater than AFC.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:01 AM

See More Questions

Multiple Choice Questions: 1. Which of the following is always true? a. When marginal cost is less than average total cost, average total cost is increasing. b. When average fixed cost is falling,...
Multiple Choice Questions: 1. Total fixed costs a. Do not vary with the level of output. b. Cannot be avoided in the short run without going out of business. c. do not exist in the long run. d. Are...
Q1-Mutual funds provide the following for their shareholders. A. diversification B. professional management C. record keeping and administration D. all of these options
Assume Downer.com was organized on May 1, 2014, to compete with Despair, Inc.-a company that sells demotivational posters and office products. The following events occurred during the first month of...
What is the difference between a block cipher and a stream cipher?
A company wishes to hedge its exposure to a new fuel whose price changes have a 0.6 correlation with gasoline futures price changes. The company will lose $1 million for each 1 cent increase in the...
Elton Company manufactures wheel rims. The controller budgeted the following ABC allocation rates for 2012: The number of parts is now a feasible allocation base because Elton recently purchased bar...
Part 1: How long does it take for an investment to double in value if it earns (a) 4%, (b) 6%, (c) 9%, (d) 12%, (e) 15% annual compound interest? Solve above using method of 1) Interpolation (Using...
Which of the following is most likely to be a variable cost? a) Real estate taxes b) Rental payments of IBM equipment c) Interest on bonded indebtedness d) Fuel and power payments.
In general a firms ______. a) total cost rises as output rises up to a certain point and then begins to decline b) marginal cost rises as output rises up to a certain point and then begins to decline...
In Problems 5 16 , write a general formula to describe each variation. A varies directly with x 2 ; A = 4 when x = 2
8. Capital Records is considering several independent projects, all with positive net present values. However, a budget constraint of $1,550,000 has been placed on the capital budget for this year....
Mark weighs 74 pounds. Together, he and his sister weigh six pounds more than three times the weight of his sister. What is the weight, w, of Mark's sister?
Jay da takes 2 hours to deliver 120 newspapers on her paper route. What is the rate per hour at which she delivers the newspapers?
Use the RaceResults table to answer the following questions. Hamilton Island 'BoatRaceResults Table RacelD Division BoatName BoatSail Num Race Boat Club Handicap RaceDate StartFrom Skipper Place...
You are now ready to evaluate the effectiveness of the interventions and whether your goals for the client have been met. Remember, the nursing process is cyclical and ongoing. The evaluation phase...
Give IUPAC name for the following carboxylic acids (reddish brown = Br). (a) (b) (d) (c)
Write each fraction as a percent. 7 50
Having rejected a tariff on textiles (a tax on imports), the president of Isoland is now considering the same-sized tax on textile consumption (including both imported and domestically produced...
Assume the United States is an importer of televisions and there are no trade restrictions. U.S. consumers buy 1 million televisions per year, of which 400,000 are produced domestically and 600,000...
Consider a small country that exports steel. Suppose that a pro-trade government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export...
What would you do to ensure that workers at all levels perform their duties with alertness?
Discuss topics such as motivation techniques, creating positive cultures, trust. Provide a summary paragraph at the beginning of the paper that includes 1) the topic chosen and 2) the three concepts...
Activity A is worth $500, is complete, and actually cost $500. Activity B is worth $1,000, is 50% complete, and has actually cost $700 so far. Activity C is worth $100, is 75% complete, and has...

If AVC is declining, then _______. a) marginal cost must be less than AVC b) marginal cost

Question:

Step by Step Answer:

If AVC Average Variable Cost is declining it means that the ...View the full answer

Microeconomics

Students also viewed these Business questions