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When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
What was the average income in 1922?
$3,143.46
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
Why is long run average cost curve known as the planning curve?
The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
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.
the average cost of a house was in 1922?
1,587
When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
How much does the average Sharper Image product cost?
Sharper Image has products that cost anywhere from $1.00 to $5,000.00; it is hard to find an average. However, most products appear to fall in the $1-$100 range.
What was the average cost to build a house in 1932?
The average price of a home in 1922 was $7,197.00
What is the average cost of a product from Carol Wright Gifts?
The products at Carol Wright Gifts range from $3 up to $70 ($69.99), though most of the products are between $5 and $20. The average cost is around $15.
How much did movies cost in 1922?
THERE WERE NO MOVIES IN 1922 MORON!!!!!
What did a Chevrolet cost in 1922?
Only a Ford was made in 1922.
When was Zonite Products Corporation created?
Zonite Products Corporation was created in 1922.
What was the average income per household in 1922?
The average income per household in 1922 was approximately $3,294.
How much does a Bentley cost on average?
Well, there a variety of products that are manufactured by Bentley. However, they also offer their variety of products for an incredibly reasonable price.
What was the average income in 1922?
$3,143.46
How much do baby wipes cost for one year?
On an average it cost about 300 dollars. Also note some of the products are cheaper than the rest.
