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Why does the marginal cost increase as production levels rise?
The marginal cost increases as production levels rise because of diminishing returns. This means that as more units are produced, the additional cost of producing each additional unit also increases. This is due to factors such as limited resources, increased labor costs, and inefficiencies in the production process.
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
What happens if the marginal cost becomes higher than price?
The company will lose money on each additional unit produced
How does the marginal benefit from agood change as the quantity produced of the good increase?
As the quantity produced of a good increases, the marginal benefit typically decreases due to the principle of diminishing marginal utility. Consumers derive less additional satisfaction from each additional unit consumed, leading them to value each subsequent unit less than the previous one. Consequently, the marginal benefit of producing more of the good declines as supply increases. This relationship can influence pricing and production decisions in the market.
What effect does advanced technology usually have on the cost of each item produced by a business?
The cost of each item decreases.
Why does the marginal cost increase as production levels rise?
The marginal cost increases as production levels rise because of diminishing returns. This means that as more units are produced, the additional cost of producing each additional unit also increases. This is due to factors such as limited resources, increased labor costs, and inefficiencies in the production process.
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
What is the maximum weight a letter can be and still cost only 0.41?
The current cost is .42 for a 1 ounce letter, the cost increases per each ounce of additional weight.
What happens if the marginal cost becomes higher than price?
The company will lose money on each additional unit produced
How does the time complexity of a recursive algorithm change when the input size is halved and the algorithm makes two recursive calls with a cost of 2t(n/2) each, along with an additional cost of nlogn at each level of recursion?
When the input size is halved and a recursive algorithm makes two calls with a cost of 2t(n/2) each, along with an additional cost of nlogn at each level of recursion, the time complexity increases by a factor of nlogn.
The risk for teens to experience a car crash increases with each additional passenger?
True
What The risk for teens to experienced a car crash increases with each additional passanger.?
true
Define economies of scale?
Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.
What effect does advanced technology usually have on the cost of each item produced by a business?
The cost of each item decreases.
What is the cost of an additional ounce of postage?
In the US the first ounce is 44 cents. The second and each additional ounce is 17 cents. And if the envelope is not 'flat' or oddly shaped it may cost more. (10/09)
What is The average cost associated with each additional dollar of financing for investment projects is?
the marginal cost of capital "B"
What is the difference between constant opportunity cost and increasing opportunity cost, and how does this impact decision-making in resource allocation?
Constant opportunity cost refers to a situation where the cost of producing one more unit of a good remains the same. Increasing opportunity cost occurs when the cost of producing one more unit of a good increases as more units are produced. In decision-making for resource allocation, constant opportunity cost allows for easier decision-making as the trade-offs remain consistent. On the other hand, increasing opportunity cost makes decision-making more complex as the trade-offs become more significant with each additional unit produced. This can lead to more careful consideration and evaluation of resource allocation decisions.
