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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 renting a house?
About 10,000
What is the average cost of renting a room in a house?
The average cost of renting a room in a house varies depending on location, size, and amenities, but it is typically between 500 to 1,000 per month in the United States.
How much do renting stables cost a month?
Renting a horse stable usually on average cost around $200 dollars ,if not more.Depends on the barn stables and the features and qualities that come with it.
What is the average cost of salon owners renting space in a salon?
that's a wiered question
What is an average price for renting a power washer to clean my driveway?
they can cost about $85 a day.
On average what is the cost of renting an apartment in NYC?
The cost of renting an apartment in New York City will vary based on location, size and quality of the accommodation. For example, a Downtown studio will cost in the region of $2,000 per month.
What is the average cost of braces in West Virginia?
The average cost for braces in West Virginia is 5,561 dollars. This is only the price for normal braces and not for invisalign.
What is the average price at Dusseldorf car rental?
"The average cost of renting a car has gone up dramatically, especially when renting directly from an airport. The average price is around $345, but hopefully you can find something a bit more reasonable"
What is the average cost of renting an apartment through Douglas Apartments?
Douglas Apartments in Georgia lists a large selection of apartments by size, location and price. The average cost of renting an apartment depends on the age and location of the building as well as the size that ranges from studio to three bedroom.
What is the average income for Vienna?
As of 2023, the average gross monthly salary in Vienna is approximately €3,200 to €3,500. This can vary depending on the industry, experience level, and specific job roles. Additionally, the cost of living in Vienna is relatively high, which impacts overall purchasing power.
Average cost of hospital stay in Richmond Virginia?
$6.87
What is the average cost of renting a venue for a concert?
Usually the Price margin for renting a venue which will hold a concert in costs round the region of: £1000-£2000 Depending on how long you rent the venue for.
