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assuming a cost of .15 per kWh and that a 10 year old fridge uses 8kWh per day, the cost per day is about $1.20.
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What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
How is a long-run average cost curve different from a short-run average cost curve?
The long-run average cost curve is longer.
What is the average yearly cost of running a Samsung refrigerator?
The average cost of running a Samsung refrigerator depends on the energy usage. Older models do not run as efficiently as newer models. For example, a refrigerator made in 1997 used roughly 200 more kWh per year than one made in 2004. Running the 2004 refrigerator would use approximately 460 kWh, costing roughly $50 per year.
The long run average total cost curve?
The long run average total cost curve is the lowest average total cost for producing each level of output. It depicts the per unit cost of producing a good or service in the long run when all inputs are variable.
How much does it cost to run a building for a day?
it cost 50$
How do you calculate long run average cost from the data of short run average cost?
add up the short run variable data (TC) and divide by quantity of that column (Q).
When is the minimum possible short-run average costs are equal to long-run average cost?
the long run curve is at a minimum point
How many watts to run a GE refrigerator model TBX23ZG?
2100 watts to run the refrigerator
Is it more cost effective in the long run to replace a refrigerator part on an old refrigerator or to purchase a new energy saving one?
It is definitely more cost efficient to buy a new model refrigerator as opposed to replacing a part on an old one. The newer models are high energy efficient and will cost a lot less running than the old ones.
How much is the average island hotel cost per day?
On average for a medium to top rate hotel/motel the costs run between one hundred dollars to two hundred dollars for night in an island hotel per day.
Why is the long run average cost curve known as the envelope curve or planning curve?
Long run average cost curve is known as envelope curve because it is formed by enveloping the short run average cost curves and it helps the entrepreneur in long term planning that is why it is also called planning curve.
Long run average cost curve envelope various short run average cost curve?
of course that LRAC envelope various SRAC. of course that LRAC envelope various SRAC.
