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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 is increases productivity lead to?
It means an increase in the ability to produce more at a quicker rate.
Total cost of goods sold per unit consists of?
how much it will cost to produce and send out the product. It is usually more expensive to do this by unit than as a whole.
What does in increase in productivity mean?
It means an increase in the ability to produce more at a quicker rate.
Fixed cost are really variable the more you produce the less they become?
Yes, the fixed cost become variable the more a given produce is produced. As the produce declines so does the variable as well.
What was the total cost to produce and host the 2004 Olympic Games?
More then you're worth.
What is The ability to produce more cheaply?
The ability to produce a product or service at a better cost is called increase productivity. The United States of America leads the world in productivity.
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 does importing cheap goods increase total revnue?
By importing cheap goods a company can lower the total cost of running their business (overhead). If they lower the total cost of running they are able to generate more profit per sale.
What is increases productivity lead to?
It means an increase in the ability to produce more at a quicker rate.
Total cost of goods sold per unit consists of?
how much it will cost to produce and send out the product. It is usually more expensive to do this by unit than as a whole.
How do cost and production interrelate?
Each product produced is a "unit of production". Each unit has some cost to produce. Therefore, the higher the number of units are produced, the higher the total cost of production.Marginal unit costs are a different issue. As production volumes increase, the marginal cost of producing one more unit may be either higher or lower than the cost of producing the one last made.
What does in increase in productivity mean?
It means an increase in the ability to produce more at a quicker rate.
What was the building of the cotton mills meant to do?
Produce cotton textiles and clothing more efficiently.
Fixed cost are really variable the more you produce the less they become?
Yes, the fixed cost become variable the more a given produce is produced. As the produce declines so does the variable as well.
How does the law of variable proportion affect the cost curve?
The law of variable proportion states that as one input is increased while keeping other inputs constant, the output will eventually decrease. This can lead to changes in the cost curve by affecting the cost of production as more or less of a variable input is used, impacting both marginal and average cost.
How has dependence on oil caused problems in the Middle East?
these governments have to decided what is best for their countries. should they produce more oil to sell now, hoping to increase their total income?
