Business

Business, 04.12.2019 01:31, jahnoibenjamin

The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. tc is used to abbreviate total cost, vc is used to abbreviate variable cost, and q is used to abbreviate quantity. classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.

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Business, 29.07.2019 17:10, davidsteck99

The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. tc is used to abbreviate total cost, vc is used to abbreviate variable cost, and q is used to abbreviate quantity. classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost. the amount by which total cost increases when an additional unit is producedtotal cost divided by quantity of outputchange in the total cost divided by change in outputvc / qthe sum of all costs that change as output changes divided by the number of units produced.tc / qδtc/δq

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Business, 01.10.2019 04:20, pr47723

Which of the following statements is correct? average total cost is the difference between average variable cost and average fixed cost. when marginal product rises, marginal cost must also rise. marginal cost measures the cost per unit of output associated with any level of production. marginal cost is the price or cost of an extra variable input (for example, an additional worker or machine) divided by its marginal product.

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Business, 09.11.2019 05:31, xemnas1994

The statements and equations below show various ways of defining average variable cost, marginal cost, and average total cost. below, tc is used to abbreviate total cost, vc is used to abbreviate variable cost, and q is used to abbreviate quantity. classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost. average variable cost marginal cost average (total) cost the amount by which total cost increases when an additional unit is produced total cost divided by quantity of output change in the total cost divided by change in output vc / q the sum of all costs that change as output changes divided by the number of units produced. tc / q δtc/δq

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Business, 18.11.2019 23:31, Pandagurl2125

Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor markets and is at its long-run equilibrium. the firm’s output is 100 units, its total revenue is $600.00, and the fixed cost of production is $50.00. based on this information, which of the following is true for the firm? a. its marginal cost is $5.50, and its average total cost is $5.50. b. its marginal cost is $5.50, and its average variable cost is $5.50. c. its marginal cost is $6.00, and its average total cost is $5.50. d. its marginal cost is $6.00, and its average fixed cost is $5.50. e. its marginal cost is $6.00, and its average variable cost is $5.50.

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