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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.
Is falling when marginal cost is below it and rising?
When marginal cost is below average total cost, average total cost tends to fall, as each additional unit produced is less expensive than the average of previous units. Conversely, when marginal cost is above average total cost, average total cost rises, since producing additional units adds more cost than the average. Thus, if marginal cost is falling while it is below average total cost, it could lead to a further decrease in average total cost, while rising marginal cost above average total cost would increase it.
How much did the war against terror cost?
So far it has cost 570 billion and still rising So far it has cost 570 billion and still rising So far it has cost 570 billion and still rising So far it has cost 570 billion and still rising
What are the factor of rising cost of product?
Supply and demand are the most important factors in the rising cost of a product.
How much did it cost to make Falling Water?
It cost about 12 million dollars to make Falling Water
How much does Medal of Honor rising sun cost for gamecube?
moh rising sun should cost about 5.00$-10.00$
What is defined as the rising cost of products?
inflation
Where will you apply marginal costing?
Marginal costing is the ascertainment of cost of one extra unit to be prepared or manufactured. Basically thee formula is- (Marginal Cost)n = (Total Cost)n - (Total Cost)n-1 for nth item . Through marginal costing we can ascertain whether our cost of production is rising, falling or constant and thus it helps in formation of a strategic plan for the enterprise.
What is a sentence using the word cost?
The cost of food is rising in the United States.
Which of these terms is defined as the rising cost of products?
Inflation
Has the rising cost of gasoline ___ your monthly budget?
affected
What are the ratings and certificates for The Virtual Revolution - 2010 The Cost of Free 1-3?
The Virtual Revolution - 2010 The Cost of Free 1-3 is rated/received certificates of: Australia:PG
