A u-shaped average total cost curve implies what- first, Ask an Expert

Economics

A U-shaped average total cost curve implies what?

- First, diminishing returns, and then, increasing returns.

-First, marginal cost less than average total cost, and then marginal cost greater than average total cost.

-That total costs are at a minimum at the minimum of the average cost curve.

-A linear total cost curve.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91237574

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question mr asimov must replace the 15 robots on his

Question: Mr. Asimov must replace the 15 robots on his assembly line. The Robo100 model costs $49379 per robot and they will last for three years. The EconoRobo model costs $11101 per robot and will last for two years. T ...

Question based on your readings how could you have learned

Question: Based on your readings, how could you have learned material better, how could you apply this information? Give an example of how you did or could have applied this information. 250 word initial response. The re ...

Question read the you be the judge on p 596 of the text it

Question: Read the "You Be the Judge" on p. 596 of the text. It is the case of Banta Properties v. Arch Specialty Insurance. Review the facts, and the arguments of each party in the case. Discuss: 1. the main issue(s) in ...

Question a deposit of 1000 is planned for the end of each

Question: A deposit of 1000 is planned for the end of each year into an account paying 6% per compounded annually. The deposits were not made in years 8 and 9 but were made each year until year 30 for all other years. Wh ...

Question melinda gibbs would like for her descendants to be

Question: Melinda Gibbs would like for her descendants to be able draw $40,000 every year for ever starting 30 years from now. She has found a mutual fund that will provide her a guaranteed 10% return forever. She will m ...

Question what is meant by absolute poverty what measures of

Question: What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP's Multidimensional poverty index? Why should we be c ...

Question write a brief essay minimum 250 words on the

Question: Write a brief essay (minimum 250 words) on the following: You've read about the price elasticity of demand. Much as the price elasticity of demand applies to products, it can also be applied to individual brand ...

Question in your opinion how can behavioral economics be

Question: In your opinion, how can behavioral economics be used for YOU as a student? How would you apply and use behavioral economics if you were a small business owner? The response must be typed, single spaced, must b ...

Question in the early stages of recovery the sampp 500 and

Question: In the early stages of recovery, the S&P 500 and other broad-based stock market indexes generally rose at least 25%. Yet in the months of the first three quarters of 2002, these indexes dropped over 30%. Why di ...

Question how do real-world compaines price their products

Question: How do real-world compaines price their products? Please include examples of strategies from a microeconomics perspective. The response must be typed, single spaced, must be in times new roman font (size 12) an ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert