In economics, average variable cost (AVC) is the variable cost per unit. Variable costs are such cost which vary directly with change in output. AVC equals total variable cost divided by output.
Assume a firm's average total cost equals $80 and average variable cost equals $70 at the current level of production. If the marginal cost of producing the next unit equals $75, then: O average total cost will fall and average variable cost will rise. ...
Calculate the correct values: |Quantity|Total cost|Total fixed cost|Total variable cost|Average fixed cost|Average variable cost|Marginal cost |0|60| | | | | |1|105| | | | | |2|145| | | | | |3|180| | | | | |...
4、An analyst does research about marginal cost and average cost.In the short run,when a firm's output increases beyond the point at which marginal cost equalsaverage variable cost, average fixed cost:【单选题】 A. and average total cost both increase. B. decreases and average variable cost...
however‚ if the manufacturer were to produce one additional basketball per day‚ totalcostswould increase to $10‚100. From these amounts‚ we can tell that a. the firm has negative profit. b. marginalcostequals $100. c. marginalcostequals $150. d. marginalcostequals marginal revenue...
Calculate total variable cost and marginal cost from the following cost schedule of a firm whose total fixed costs are Rs. 12: View Solution Calculate 'total vaiable cost' and 'total cost' from the following cost schedule of a firm whose fixed cost are₹10. ...
where Y is the book's price (in dollars), X is the number of pages in the book, D1 is a dummy variable that equals 1 if it is a natural sciences book and 0 if it is a social sciences or humanities book, and D2 is a dummy variable that equals 1 if it is a social sciences...
Answer to: If Neat and Trim maximizes profits, its ___ equals $320. a) total cost b) total revenue c) variable cost d) profit e) average cost f)...
$1,500/200 total items in inventory equals $750. That is our moving average price or moving average cost per unit in this scenario. As the name implies, the average moving price is a constantly recurring calculation. It will potentially change with each invoice, receipt, or goods settlement...
d. The rate that adjusts the value of future cash receipts earned by an investment so that interest earned equals the original cost. See Yield to maturity. Macaulay duration A widely used measure of price sensitivity to yield changes developed by Frederick Macaulay in 1938. It is measured in...