In Fig. 19.7, we have drawn the long-run average cost curve as having an approximately U-shape. It is generally believed by economists that the long-run average cost curve is normally U shaped, that is, the long-run average cost curve first declines as output is increased and then...
The marginal cost curve is U shaped in the short run because of the law of diminishing returns. At this stage, the total cost as well as variable cost... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question ...
If you know that with 8 units of output, average fixed cost is INR 12.50 and average variable cost is INR 81.25, then total cost at this output level is Q. Total fixed costs of a firm are Rs. 100. Its average variable cost at different levels of output is given...
The welcome bonus is the top reason why people shop for new credit cards—here are 3 not to miss JD Power's new study finds people say the reason they shop for a new credit card is to get a better rewards program and collect a welcome bonus. ...
For Xt<0, in contrast, trajectories {(Xt,Yt)}t∈R through the state space are U-shaped, with a minimum on the vertical line X=−μ. As illustrated in Fig. 1, the trajectory may intersect the bold curve twice, corresponding to two stationary points. While downcrossings of the solid ...
Is there really a wedding tax? How to pay for a wedding How to save money on your wedding FAQs Is there really a wedding tax? Yes and no. Services reserved for a wedding generally cost more than they would for another event. But, experts say, that's because couples expect the highest...
As well as those, there is one more behavior of actors that lies at the center of their existence: if you’re attempting to read a variable property or call a method on an actor, and you’re doing it from outside the actor itself, you must do so asynchronously usingawait. ...
After the Axial Age, the West moved toward continuous disunity, but China had successfully maintained a persistent unity pattern. Conventional case (history event) studies are subject to selection bias and theoretical frameworks, which is not objective n
calculated will help determine how many bank accounts you actually need. Less is best in this scenario. Save yourself the hassle and confusion, definitely invest in some software that does reconciliation for you such as QuickBooks. Also, keep in mind that each bank account you have will cost ...
overnight. It is a base interest rate by which all other interest rates in the U.S. are determined, so the Fed funds rate shapes the interest rate banks charge on loans, as it must be greater than the interest rate they pay to obtain the funds initially, which is the cost of funds...