Economists depict a u-shaped marginal cost (MC) curve on a graph that compares it to the cost curve for average cost. The y-axis is average or marginal cost. The x-axis is units of output. These cost curves intersect on the graph. When average cost increases, marginal cost is greater ...
These will influence your marginal cost of production. Calculate the marginal cost of different levels of production: You would then calculate the marginal cost of producing different quantities of your product. Plot the curve: Once you have these numbers, you can plot them on a graph. The x-...
When marginal revenue intersects marginal cost on a graph: A. a monopolist must go up to the demand curve to find the price. B. profits are maximized for a monopoly but not for a competitive firm. C. a monopolist prices the good at the ...
b. Draw a graph that shows marginal cost, average variable. cost, and average total cost, with cost on the vertical axis and quantity on the horizontal axis. 点击查看答案 第5题 为了鼓励一个行业生产社会最优的产量,政府应该对产出征收等于产出边际成本的单位税,这种观点是 否正确?请解释。 To en...
Therefore, unit costs are not the same and depend on the nature of product or service. The explanation under every type of marginal costs highlights the difference. Unit Cost A unit cost refers to the cost a company incurs in producing and selling a given product. With regard to marginal ...
the marginal cost curve using the marginal cost curve, you can plot on a graph the point at which a new product or service becomes profitable . “when you’re delivering an additional service or product, there will be additional costs around things like material and labour, but ...
Graph the marginal cost, average variable cost, average total cost, and average fixed cost of a firm. Cost Cost to a firm is the money spent to produce a product or provide a service. Costs are divided into fixed and variable components depending on whether ...
a marginal cost curve. Use a simple XY graph where the production quantity (1,000, 2,000, 3,000, 4,000 and 5,000 widgets) is the X-value on the horizontal axis and marginal cost is the Y value on the vertical axis. In most production scenarios, the graph is shaped like a "J....
Marginal Cost Curve As the graph below demonstrates, in order tomaximize its profits, a business will choose to raise production levels until the marginal cost (marked as MC) is equal to themarginal revenue(marked as MR). Additionally, asupply curveis that section of the MC curve that lies...
True or false?Marginal CostIn the marginal analysis, the marginal cost is the same as the derivative of the total cost. It shows how much more a firm needs to spend in order to produce one more unit of a good or service.Answer and Explanation: ...