Question: The marginal cost curve... is always horizontal does not intersect the average cost curve is not relevant for a firm's decision-making intersects the average cost

The marginal cost curve...

  • is always horizontal
  • does not intersect the average cost curve
  • is not relevant for a firm's decision-making
  • intersects the average cost curve at the latter's minimum

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Economics Questions!

Q:

For quantities occurring before the marginal cost curve and average total cost curve intersect, the average total cost curve will be: Multiple choice question. decreasing. negative. at its minimum....

Q:

1. Which of the following products would be considered scarce? A. Golf clubs B. Picasso paintings C. Apples D. All of the above are correct. 2. Which of the following is a principle concerning how...

Q:

marginal product. The marginal cost curve is shaped like the letter "J." 2. Average fixed cost represents fixed costs per unit of output. Its curve has a negative slope and is flatter at higher...

Q:

What does the Marginal Rate of Technical Substitution (MRTS) measure in the context of production? A. The rate at which a firm can substitute one input for another while maintaining the same level of...

Q:

tax Consider the market for apple juice. In this market, the supply curve is given by QS = 10PJ 5PA and the demand curve is given by QD = 100 15PJ + 10PT , where J denotes apple juice, A denotes...

Q:

D Question 9 The marginal cost curve: Always starts at zero, curves upward, then reverses and curves back downward to zero. Always intersects the average variable and average total cost curves at...

Q:

Which of the statements is not true? A marginal cost curve will always intersect the average variable cost curve at the minimum average variable cost. Costs that are small and unimportant with little...

Q:

Which of the statements is not true? A marginal cost curve will always intersect the average total cost curve at the minimum average total cost. Costs that are small and unimportant with little...

Q:

Question 4 of 8 Which of the statements is not true? A marginal cost curve will always intersect the average variable cost curve at the minimum average Marginal cost and marginal productivity are...

Q:

Which statement is false? Costs that are small and unimportant with little impact on profits are called marginal costs. A marginal cost curve will always intersect the average total cost curve at the...

Q:

As a manager, how would you balance the need for a work adjustment for an employee with a disability with your need to design jobs that meet organizational performance goals? What issues would you...

Q:

Note that the random variables Q1, . . . ,QN in Section 6.3 have a joint multinomial distribution with probabilities 1,2, . . . ,N. Use properties of the multinomial distribution to show that in...

Q:

An allocation is considered to have a substantial economic effect when: Multiple select question. partners are liable to the partnership to restore any deficit in their capital accounts liquidation...

Q:

Task 2: Flow time = 5 minutes 4. A company makes two products X and Y, using a single resource pool. The resource is available for 8 hours a day. The unit loads for X and Y are 15 and 30 minutes per...

Q:

2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...

Q:

1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...

Q:

4. What means will you use to achieve these values?