Answer to: What is the formula for marginal costs? Does it matter if you use total variable costs or total costs in the formula? Explain why or why...
What is the formula for marginal costs? Does it matter if you use total variable costs or total costs in the formula? Explain why or why not. Why is marginal Cost = Price better than marginal Cost > Price for maximizing profit?
宏观经济问题,成本曲线Supposethe marginal cost of two plants of a firm areMC1= 5+ 2y1andMC2= 40+y2(1)How should the output be divided if the total output is 25?(2)What is the firm’s marginal cost curve?
Marginal cost is the addition to the total cost for producing one additional unit. Average cost is the total cost divided by the total number of units produced. When average cost increases, marginal cost is greater than average cost. When average cost decreases, marginal cost is less than aver...
What is the formula for calculating the total Revenue? Total Revenue: In economics, the term total revenue is associated with the total income that a firm can earn by selling their output in the market at a given or specified price level. Usually, it is denoted by TR. ...
marginal cost of an activity is a measure of__the activity.A.what is forgone with every one unit increase inB.the total cost ofC.the benefit derived from every one unit decrease in the benefit derived from every one unit decrease inD.the benefit derived from eE.sun cost ofvery one ...
In the long-run equilibrium of a competitive market with identical firms, what is the relationship between price P, marginal cost MC, and average total cost ATC?( ) A.P >MC andP >ATC. B.P >MC andP =ATC. C.P =MC andP >ATC....
相关知识点: 试题来源: 解析 B You are given the cost function C(x)=200+4x+0.5x^2 and x=50. The marginal cost is the first derivative of the cost function.C(x)=200+4x+0.5x^2C'(x)=4+xx=50C'(x)=4+50C'(x)=54$反馈 收藏 ...
What Is the Formula for Total Variable Cost? Because variable costs scale alongside, every unit of output will theoretically have the same amount of variable costs. Therefore, total variable costs can be calculated by multiplying the total quantity of output by the unit variable cost. ...
to a consumer if they use an additional unit of a good or service. It usually declines as a consumer decides to consume more of a single good. Marginal benefit is often expressed as the dollar amount the consumer is willing to pay for each purchase. The formula for marginal benefit i...