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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?
When is average cost minimized?
Average cost is minimized when marginal cost equals average cost. This occurs at the output level where the cost of producing one additional unit (marginal cost) is equal to the average cost of all units produced. At this point, producing additional units would either increase or decrease the average cost, indicating that the minimum average cost has been reached.
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.
What is the average cost of general computer classes?
The average cost of online computer classes it about sixty dollars. You can take it through most junior colleges.
What is the average cost of a fashion design college?
Depends. You should check fashion design colleges and get some prices. Out of state colleges are more expensive and in-state colleges are less expensive, see how that works.
Are there senior citizen discounts at community colleges for art classes?
Community colleges still offer great discounts to seniors. The average senior person should expect to save about 50% on the cost of the class.
What the average cost for college?
It depends what type of college do you want to go to. Some colleges if you liv in that state it will be cheaper then a outside of your state college
Do private colleges cost more than public colleges?
in all likely scenarios, yes
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 average weight of a Russian Blue cat?
The average weight of a Russian Blue cat is typically between 7 to 12 pounds.
What is the cost of attending a Diploma Program at most colleges?
what is the cost of attending a diploma program
What is the SAT minimum for U-Conn?
The average SAT scores for University of Connecticut (UConn) are: Average SAT Verbal Score: 600, which is 85 higher than the average for all Colleges and Universities. Average SAT Math Score: 630, which is 110 higher than the average for all Colleges and Universities. Average SAT Writing Score: 615, which is 102 higher than the average for all Colleges and Universities.
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.
average cost?
average cost of dentures
What is the average size of a Russian family?
Depends.
