Suppose the firm's cost function is given by C(Q)= 100 + Q + 2*Q^2 + 3*Q^3 . At an output of Q=2, what are the marginal and average total costs, respectively? ANSWER: $45, $67 2. What should a firm 1) Average variable cost is equal to - a...
在短期内，当MC=ATC时，在perfect competetive market中，企业的Profit 是 zero，并且在这个点上，企业达到了他的break even point.
LAC:长期平均成本(long-run average cost)LMC:长期边际成本 (long-range marginal cost)LTC:长期总成本(long-run total cost)MC:边际成本 (Marginal cost )MFC:边际要素成本(marginal-factor cost)MP:边际产量(marginal product)MR:边际收益(Marginal revenue)MRP:边际收益产品(Marginal revenue product)MRS:商品的...
Show mathematically that when marginal cost is increasing, average cost must be less than the marginal cost. When the price of a variable input increases what will happen to the average total cost, the average variable cost, average fixed cost, and marginal cost curves?
is the additional cost of producing one more unit of output. It is not the cost per unit of allunits produced, but only the next one (or next few). We calculate marginal cost by taking the change in total cost and dividing it by the change in quantity....
当平均总成本(Average Total Cost)曲线为倒U型的时候。为什么边际成本(Marginal Cost)曲线和平均总成本曲线的交点会在平均总成本(Average Total Cost)曲线的最低点?(厦门大学2010研) 相关知识点: 试题来源: 解析 对于任何一对边际量和平均量而言只要边际量小于平均量边际量就会使平均量的数值降低;只要边际量大于平均...
Marginal Cost = (Change in Total Cost) ÷ (Change in Quantity Produced) To calculate marginal cost accurately, we need to consider both fixed costs (FC) and variable costs (VC). However, since fixed costs don't change with production volume, the marginal cost formula typically focuses on ch...
If the marginal cost curve is below the average total cost curve,___ A. Average total cost increases. B. Average fixed cost increases. C. Average total cost achieves its minimum. D. Average total cost decreases. 相关知识点: 试题来源: 解析 d 反馈...
Marginal utility is useful in explaining how consumers make choices to get the most benefit from their limited budgets. In general, people will continue consuming more of a good as long as the marginal utility is greater than themarginal cost. In an efficient market, the price equals the margi...
Why is marginal cost not equal to the derivative of the total cost? Define total cost, average total cost, and marginal cost. How are they related? Suppose you are given the equation: Total Cost = 500 + 35*Quantity a. What are the fixed costs? What are the variable costs? What is ...