TheLawofSupply:Firmsarewillingtoproduceandsellagreaterquantityofagoodwhenthepriceofthegoodishigh.Thisresultsinasupplycurvethatslopesupward.Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.TheFirm’sObjective Theeconomicgoalofthefirmistomaximizeprofits.Harcourt,Inc.itemsandderiveditems...
LOC:CostsofproductionTOP:Averagevariablecost MSC:Definitional 34.Theaveragetotalcostcurveisunaffectedbydiminishingmarginalproduct. ANS:FDIF:3REF:13-3NAT:Analytic LOC:CostsofproductionTOP:Diminishingmarginalproduct| Averagetotalcost MSC:Interpretive 35.Theaveragetotalcostcurvereflectstheshapeofboththeaveragefixedco...
Explain the effect of average total costs.Average Total Cost (ATC):The average total cost is the sum of the variable costs and the total fixed costs divided by all the units produced. The average total cost curve is usually U-shaped, with decreases, rises, and the bottom level....
Average cost curve is U shape curve drops and then rises at the lowest point, where the output of the least cost and the average total cost increase in output. It began to increase as the average variable costs rise dramatically. 翻译结果5复制译文编辑译文朗读译文返回顶部 ...
This results in a supply curve that slopes upward. The Firm’s Objective The economic goal of the firm is to maximize profits. A Firm’s Total Revenue and Total Cost Total Revenue The amount that the firm receives for the sale of its output. Total Cost The amount that the firm pays to...
In the long run, when marginal cost isabove average total cost, the average total cost curve exhibits A. economies of scale. B. diseconomies of scale. C. constant returns to scale. D. efficient scale. 如何将EXCEL生成题库手机刷题 如何制作自己的在线小题库 > 手机使用 分享 反馈 收藏...
A. The marginal cost curve must have a negative slope. B. The average total cost curve must have a negative slope. C. The marginal cost curve is below the average variable cost curve. D. both (b) and (c) are correct. 相关知识点: ...
刷刷题APP(shuashuati.com)是专业的大学生刷题搜题拍题答疑工具,刷刷题提供The intersection of the marginal cost curve and the average total cost curve characterizes the point of:A.maximum profit.B.minimum average total costC.minimum marginal cost.D.minimum
a因为他们敢于争取机会 Because they dare to strive for the opportunity[translate] aI miss You come back quickly 我想念您迅速回来[translate] aThe marginal cost curve above the minimum point of its average total cost curve 边际成本曲线在极小的点它的平均总成本曲线之上[translate]...
The figure above depicts average total cost functions for a firm that produces automobiles. Figure 12-9 Refer to Figure 12-9.Which of the curves is most likely to characterize the short-run average totalcost curve of the smallest factory? A.ATCAB.ATCBC.ATCCD.ATCD 相关知识点: 试题来源:...