Question: If MC is less than ATC, we know that: Select one: a. AVC must be falling. b. ATC must be rising. c. ATC must be falling. d. ATC could be rising or falling. Marginal Cost and Average Cost: Margi...
Consider Firm Y, a monopoly, that sells its goods at a price of $50. At the profit-maximizing point, the elasticity of demand is equal to -2. What must Firm Y's marginal cost (MC) be equal to at this point? The total cost of a firm as a function of ...
TRUE, FALSE, or UNCERTAIN then explain your reasoning: If marginal cost (MC) is rising, then average variable cost (AVC) must be rising as well. If a firm operates with economies of scale, then its average cost is decreasing and higher than its marginal cos...
The perfectly competitive firm's short-run shutdown rule is to shut down immediately if (a) TR less than TC. (b) TR less than FC. (c) TR less than VC. (d) TR less than MC greater than Q. The quick ratio (also known as the acid test ratio) is the ratio of the quick assets...
aFrom the figure above, an anti-pollutant process raises Hi-Tech’s marginal cost to MC1 and its average total cost to ATC1. 从上面图,反污染物过程提高高技术边际成本对MC1和它的平均总成本对ATC1。[translate] aError by Assumption of Plane Surface Error by Assumption of Plane Surface[translate...
feweddmrtheirheanbenacmddbeheaM.* I wasnowoneof them.I couldfeel and hearmine.Theysoundedlike the madnp hoouofa bluegrousemcster. Eccentric, sometimes overblown, Shont's adventures are like an adult Churns story. But for all his attentionto detail, his endless cataloguing of dif- ferent ...
A、Economies of scale. B、Diseconomies of scale. C、Constant returns to scale. 查看答案
made friends with another Korean vet in tlte arca wlxr had been a prisotler- of-war for 33 months, and began talking about the war for the first time with his brother,who had also served in Korea' "ln many waYS mY brother had a tougher time than I did," CamP ob- served, "even...
Example is better then percept. 说-遍,不如做-,遍。 Experience is the father of wisdom and memory the mother. 经验是智葱之父,记忆是智葱之母。 Experience must be bought. 吃一堑,长一智。 Fact speak louder than words. 事实胜於雄辩。 Failure is the mother of success. 失败是成功之母。 False...
A firm will not shut down in the short run as long as at the point where MR = MC: A. P is greater than ATC. B. P is greater than AVC. C. P is greater than AFC. D. P is greater than MC. Are corporations good or bad? Defend your position. ...