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you have witnessed a downfall in the cost curve
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6 If the average total cost curve is falling what is necessarily true of the marginal cost curve If the average total cost curve is rising what is necessarily true of the marginal cost curve?
When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve.
What does a demand curve show?
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
Why marginal product curve intersect the average product curve at the maximum?
of average product.
Marginal product curve?
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
How do falling prices effect supply?
The supply curve shifts to the left
6 If the average total cost curve is falling what is necessarily true of the marginal cost curve If the average total cost curve is rising what is necessarily true of the marginal cost curve?
When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve.
What is diagram and explain The classical curve of economics?
How do you draw the total product Curve:
What does a demand curve show?
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
Why marginal product curve intersect the average product curve at the maximum?
of average product.
How is the law of diminishing returns reflected in the shape of the total product curve?
The total product curve increases rapidly reaching a peak at a specific amount and then decreases slowly as the x axis is traversed. This decreasing function demonstrates that there is a maximum amount of effort (labor or monetary) that can be applied before the overall results suffer.
Marginal product curve?
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
How do falling prices effect supply?
The supply curve shifts to the left
What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
What is the MPN curve How is the MPN curve related to the production function?
What is MPN product description for an ipod touch?
The only number that is both the sum and the product of three consecutive positive numbers and then add the total area of a probability bell curve minus one?
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What is a demand curve?
Demand curve describes the relationship between the product price and the number of the product demanded through the use of graph. This is also an illustration of demand schedule.
What implications does the product life cycle theory have for international product development strategy?
for each curve net export results when the curve is above the holizontal line if the curve is below the holizontal line net import results for a particular country.
