Marginal cost is the additional cost of producing and selling an additional unit of a good or service. It is equal to the change in the total cost divided by the change in output.Answer and Explanation: As noted above, ...
Marginal cost is equal to the per unit change in variable cost.() 查看答案
Marginal benefit refers to the maximum amount of money a consumer is willing to pay for an additional good or service. The consumer's satisfaction tends to decrease as consumption increases. Marginal cost, on the other hand, is the change in cost when an additional unit of a good or s...
Marginal Cost:Marginal cost is the additional cost of an additional unit of output. It is equal to the change in the total cost divided by the change in output.Answer and Explanation: As long as the fixed cost (the cost that the firm must incur regardless of output) is known, all ...
Marginal utility (MU) is equal to the change in the total utility (TU) divided by the change in quantity consumed (Q). This is written as MU = ΔTU / ΔQ.2 Why Is the Law of Diminishing Marginal Utility Important? The law of diminishing marginal utility is important in economics and...
Marginalcostreferstotheadditionalcostwhenincreasing unitoutput.IfthemarginalrevenueisrepresentedbyMR,MR =thechangeinthetotalyieldofthechangeinsalesvolume. IfthemarginalcostisrepresentedbyMC,thechangeinthe totalcostofMC=thechangeintotalcostisthechangein
aYou're the one flying that plane 您是飞行那架飞机的那个[translate] aIf this firm chooses to maximize profit it will choose a level of output where marginal cost is equal to 如果这家企业选择最大化赢利它将选择产品的水平,边际成本是相等对[translate]...
aroad users. Under congested conditions, particularly in urban areas, and in the absence of[translate] asocial cost (ASC) excludes road taxes, while the average private cost (APC) includes road taxes,[translate] apoint D, where the marginal social cost (MSC) is equal to the marginal willing...
When marginal cost is below average total cost, the cost of an additional unit is lower than the average cost of all the units, so it causes average total cost to fall. If marginal cost is greater, the cost of an additional unit is higher, so average total cost will rise. So when th...
Can you determine whether the average variable cost is increasing or decreasing? Explain. 点击查看答案 第3题 假设某种生产中只有劳动为可变成本,如果边际生产成本随产量增加而减少,你认为劳动的边际产量是 如何变化的? Suppose that labor is the only variable input to the production process. If the ...