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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.
How much does a broom cost?
The price of a broom will vary depending on the store and the brand of broom. On average, a broom will cost around $6.00.
How much did a broom cost in 1930?
a broom cost all different prices it depends what shop you buy it from
How much does a broom holder cost?
Broom holders vary in price depending on size, brand and design. For example, mop and broom holders are selling on Amazon and Ebay for approximately «£5.
How much does it cost for a magic broom?
The cost of a magic broom can vary depending on the quality, design, and magical abilities it possesses. It could range from a few hundred to several thousand dollars.
Average cost of a broom?
Broom vacuums have a variety of prices and come in various makes and models. The range appears to go for as low as fifty dollars to over three hundred dollars. The variation in price is most likely related to the quality and power of the machine.
What is the average length of a broom?
The average length of a broom is around 3 to 5 feet, depending on the type and purpose of the broom. Shorter brooms are typically used for indoor sweeping, while longer brooms are often used for outdoor cleaning tasks.
What was the Price of crude oil in 1901?
The average price of a barrel of crude oil in 1901 was 96 cents.
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
How much is 1901 penny worth?
In average condition, a 1901 Indian head cent is valued at $1.00-$3.00.
How many children did women have on average in 1901?
3 or more?
What is the bottom of a broom called?
a broom
How much is a 1901 pennies worth today in America?
In average condition, a 1901 Indian head cent is valued at $1.00-$3.00.
