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What is the formula to find the average variable cost?
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
Does marginal cost curve always intersect the average cost curve at the average cost curve's lowest point?
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.
What do you mean by Average Cost System?
average cost?
Why is average cost and average variable cost are both you shaped?
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
Does marginal cost always intersect average cost at minimum average cost?
NTERSECTS
Does distribution cost part of cost of production?
No. Distribution is a separate company function.
The mean of a distribution of scores is the?
The mean of a distribution of scores is the average.
What does in terms of mean in maths?
Mean means Average of a particular distribution Mean means Average of a particular distribution
Is insurance for distribution centre a period cost or product cost?
Overhead cost
What is the formula to find the average variable cost?
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
What is the significance of the mean of a probability distribution?
The significance of the mean of a probability distribution is that it is the most probably thing to happen. The mean is the average of a set of values. If it is the average of a probability distribution, it is the most probable part.
What is the meaning of expected value in a probability distribution?
The expected value is the average of a probability distribution. It is the value that can be expected to occur on the average, in the long run.
Why is average called the measure of central tendency?
Because, whatever the underlying distribution, as more and more samples are taken from ANY population, the average of those samples will have a standard normal distribution whose mean will be their average. The normal (or Gaussian) distribution is symmetric and so its mean lies at the centre of the probability distribution.
Which distribution is used to find probabilities about the number of independent events occurring in a fixed time period with a known average rate?
The Poisson distribution. The Poisson distribution. The Poisson distribution. The Poisson distribution.
What is the average population distribution in china?
1,123,846,763,559
What is unstoppable distribution cost?
An unstoppable distribution cost is an expenditure that is going to be incurred related to selling and distribution of goods and/or services that will continue even if the enterprise shuts down.An example is rent paid for the sellers storage facility.
Do robots cost?
Yes, robots cost. Generally there are three types of costs: - development cost - manufacturing cost - distribution cost - maintenance cost
