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What circumstances is the sum of variable production and selling costs the appropriate minimum price for special orders?
Wiki User
∙ 13y ago
It is the appropriate sum when there is significant competition or optimisation decisions are not being made with respect to profit maximisation but production maximisation.
Wiki User
∙ 13y ago
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Why does the average variable cost curve initially slope downward?
The average variable cost curve compares the company's maximum performance to its present state. For example if the minimum profits are to the left of the AC it means the company will decrease profits by increasing their production. Therefore creating a curve.
When the firm attains minimum average variable cost how many units of labor is it using?
When a firm attains minimum average variable cost, the number of units of labor it is using depends on the average product.
What is happening to average variable costs when they equal marginal costs?
When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost
What is minimum efficient level of production in economics?
the level of production at which a good is produced at the lowest possible opportunity cost.
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
In ideal circumstances the appropriate minimum interval between your vehicle and the one you are following is?
10 seconds
In ideal circumstances the appropriate minimum interval between your vehicle and the one you are following s?
3
What is the minimum value of a variable?
minus infinity
What range of values was used for your independent variable?
From the minimum value of the independent variable to its maximum.
Why does the average variable cost curve initially slope downward?
The average variable cost curve compares the company's maximum performance to its present state. For example if the minimum profits are to the left of the AC it means the company will decrease profits by increasing their production. Therefore creating a curve.
How can you find the time of minimum for a variable stars?
Some types of variable star vary very regularly, and their time of maximum and minimum can be found from data. Others are irregular and the only way to find the maximum and minimum is to keep observing them and measuring the brightness.
When the firm attains minimum average variable cost how many units of labor is it using?
When a firm attains minimum average variable cost, the number of units of labor it is using depends on the average product.
What is happening to average variable costs when they equal marginal costs?
When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost
What is minimum temperature for sperm production?
37 degree below
What is variable annuity?
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
Why does a bike have minimum surface contact?
Minimum is an empty word in these circumstances, but bikes has quite little surface contact due to their narrow tires.
What is minimum efficient level of production in economics?
the level of production at which a good is produced at the lowest possible opportunity cost.
