marginal cost of production shows the change in a firm's total cost from producing one more unit of a good or service. What is the shape of the marginal cost curve? Graphically, the marginal cost curve is A. a U
a change in fixed costs does not affect the marginal cost. For example, if there are only fixed costs associated with producing goods, the marginal cost of production is zero. If the fixed costs were to double, the marginal cost of production is still ...
To solve the problem, we will follow these steps:Step 1: Understand the Marginal Cost Function The marginal cost (MC) of production is given as: \( MC = 30 + 2x \) where \( x \) is the quantity of output produced.
To find the marginal cost of producing the ninth unit, one must find the total cost for producing both 8 units and 9 units of the good. The difference in total cost is the marginal cost of producing the ninth unit. B. Marginal cost cost refers to the additional cost of production from...
Step by step video & image solution for The marginal cost of the production of the commodity is 30+2x, it is known that fixed costs are Rs 200, find (i) The total cost. (ii) The cost of increasing output from 100 to 200 units. by Maths experts to help you in doubts & scoring ...
What Is the Marginal Cost of Production? The marginal cost of production refers to the cost to produce one additional unit. Theoretically, companies should produce additional units until the marginal cost of production equals marginal revenue, at which point revenue is maximized. ...
Explain why the profit-maximizing production is found where the marginal cost of production is equal to the marginal revenue of that production. What are the marginal costs for a monopoly which has a profit-maximizing price of $6 and a price elasti...
The Slope of a Function: The slope of a function is the change in the value of the function every time the input is changed by one unit. This slope is constant for a linear function. Answer and Explanation:1 The marginal cost ...
The shape of the marginal cost curve tells a producer something about the marginal product of her workers.相关知识点: 试题来源: 解析 边际成本曲线的形状反映了工人边际产量的变化,当边际产量递增时边际成本递减,边际产量递减时边际成本递增。 边际成本(MC)与边际产量(MP)之间存在反向关系。具体推导如下:1. ...
Marginal costs are costs that do not vary with the quantity of output produced.ANS: F DIF: 1 REF: 13-3 NAT: Analytic LOC: Costs of production TOP: Marginal cost MSC: Definitional 相关知识点: 试题来源: 解析 F 边际成本(Marginal Cost)是指每额外生产一单位产品时,总成本的增加量。它与产量...