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as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
$3,143.46
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
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as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
The average price of a home in 1922 was $7,197.00
Sharper Image has products that cost anywhere from $1.00 to $5,000.00; it is hard to find an average. However, most products appear to fall in the $1-$100 range.
The products at Carol Wright Gifts range from $3 up to $70 ($69.99), though most of the products are between $5 and $20. The average cost is around $15.
THERE WERE NO MOVIES IN 1922 MORON!!!!!
Only a Ford was made in 1922.
Zonite Products Corporation was created in 1922.
The average income per household in 1922 was approximately $3,294.
Well, there a variety of products that are manufactured by Bentley. However, they also offer their variety of products for an incredibly reasonable price.
$3,143.46
On an average it cost about 300 dollars. Also note some of the products are cheaper than the rest.