6. Marginal cost is most accurately defined as the: A:A:cost that a consumer must incur to consume an additional unit of a good or service B:B:value of the good or service that a consumer must forego in order to consume an additional unit of a good or service. C:C:cost of produci...
A. total cost divided by output. B. the increase in total cost divided by the increase in output. C. the increase in total cost divided by the increase in labor, given the amount of capital. D. total cost minus total fixed cost. ...
Run In order to understand averagecostandmarginalcost‚ it is first necessary to understand the distinction between the “long run” and the “short run.” Short run: a period of time during which one or more of a firm’s inputs cannot be changed. Long run: a period of tim...
The purpose of analyzing marginal cost is to determine at what point an organization can achieveeconomies of scaleto optimize production and overall operations. If the marginal cost of producing one additional unit is lower than the per-unit price, the producer has the potential to gain a profit...
How could the profit increase when the marginal cost of producing also keeps increasing? Marginal Cost: Marginal cost is defined as the changes made to the total cost due to the production of additional units of the firm?s output. The marginal cos...
According to economists, marginal costs are the additional cost of an additional unit. But the accountants define this as the aggregate of variable costs i.e., prime cost plus variable overhead. Actually it is the added costs. These are out of pocket outlay, which would not be incurred if...
b. The profit function P(x) can be defined as the difference in revenue and cost. How many radios must be produced and sold in order to maximize the profit? What is the m Suppose the dollar cost of producing x video cameras is...
Marginal costs defined as the additional costs needed for meeting additional electricity demand are estimated by using separable programming model analysis... Oyama,T. - 《Power Apparatus & Systems IEEE Transactions on》 被引量: 23发表: 1983年 加载更多研究...
题目As output increases, total cost also increases. Therefore: A. marginal cost is increasing. B. marginal cost is positive. C. average fixed costs are increasing. D. all of the above 相关知识点: 试题来源: 解析 答案:B 反馈 收藏
aThe marginal parameters defined in the technical data with the order confirmation must be followed. A list of these parameters is given in Register M. This applies in particular for: 必须跟随在技术数据定义的少量的参量以命令确认。 这些参量名单在记数器M.被给。 这特别是申请: [translate] ...