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Yes, commerce students can pursue the ATC (Accountancy Technician Course), as it is designed to provide foundational knowledge in accounting and finance. While ATC is often associated with students from an accounting background, those with a commerce education typically possess the necessary skills and understanding to succeed in the course. It can be a valuable addition to their qualifications, enhancing their career prospects in the finance and accounting sectors.

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4mo ago

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When the average total cost is at its minimum is it greater than marginal cost?

When the average total cost (ATC) is at its minimum, it is equal to the marginal cost (MC). This is because, at this point, the cost of producing one more unit (MC) is neither pulling the average cost up nor down. If MC were greater than ATC, it would increase the ATC, and if MC were less than ATC, it would decrease the ATC. Therefore, at the minimum point of ATC, MC and ATC are equal.


What happens to the difference between ATC and AVC as a firm's output expands?

The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.


In long-run equilibrium P equal minimum ATC equal MC. The equality of P and minimum ATC means the firm is achieving?

Productive efficiency.


Why ATC reaches its minimum after AVC reaches its minimum point?

Average Total Cost (ATC) reaches its minimum after Average Variable Cost (AVC) because ATC includes both AVC and Average Fixed Cost (AFC). When AVC is at its minimum, it indicates the most efficient use of variable inputs, but ATC continues to decline as AFC is spread over an increasing quantity of output. Once AVC starts to rise, the fixed costs are still being diluted, allowing ATC to decrease further until AFC no longer offsets the rising AVC. Thus, ATC reaches its minimum after AVC because it reflects both variable and fixed costs in relation to output.


Does this firm earn positive or negative profits in the short run?

Which firm? If it's above ATC, it's positive. Below it's negative, No ATC? Not enough information is given.ATC=AverageTotal Cost