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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 for dinner?
20$
What is the average catering cost of steak a dinner for 50 people?
£10 :-)
How much does groceries for the average dinner in the US cost?
15 dollars
How much does it cost to produce a frozen dinner?
Depending on the size and brand of the dinner it costs an average of $1.80 to $3.00 to produce a frozen dinner. Some of the larger dinners cost up to about $5.00
How much does an average big mac cost in rome?
It's triple times the cost
What is the average cost of prom for a couple?
Your Prom magazine's survey found an average prom night costs $1,000, including clothes, primping, flowers, tickets, dinner, and transport.
How many calories, on average, does an average person consume during Thanksgiving dinner?
On average, an average person consumes around 3,000 to 4,500 calories during Thanksgiving dinner.
How much does an average dinner cost in Venice?
Since A Average Dinner Is four people and if you get desserts and dinners and drinks. The Total will probably come to about $100 to $110... It really depends on who wantes desserts and dinners because sometimes people are not hungry depeding on lunch... Also, usually dinners in other places other then USA have more expensive dinners so an average steak or meat platter would cost $26... Hope that helps!
What does a surf and turf dinner cost?
trefiddy
What time is dinner offered at the Claridge restaurant in the Claridge hotel in Rome?
Supper is offered at Rome's Claridge restaurant at the Claridge Hotel in Rome, Italy at 7 o'clock p.m. until 10:30 o' clock p.m. Dinner is often served late evenings in Europe.
What is dinner called in Rome?
Poor Romans ate mostly cereal grains at all meals: bread or a porrige called puls.
How much did a dinner out cost in 1950?
You could get a pretty nice dinner . with no alcoholic drinks , for $4.00.
