If marginal cost exceeds average total cost in the short, Ask an Expert

Economics

If marginal cost exceeds average total cost in the short run, then which is likely to be true?

a) Average total cost is increasing.

b) Marginal cost is less than average variable cost.

c) Average total cost is less than average variable cost.

d) Average variable cost is decreasing.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996386

Have any Question?Write your Review or question?

Related Questions in Business Economics

Assume that these data are seven random observations taken

Assume that these data are seven random observations taken from a larger population whose values are normally distributed. (even if this assumption makes little sense) Using this assumption, coupled with prior computatio ...

Your client is going to be traveling to las vegas in the

Your client is going to be traveling to Las Vegas in the near future and he wants to place some bets on his favorite professional baseball team. To ensure he knows the odds on his bets he wants to know the probability of ...

Why is the us banking system known as a dual banking system

Why is the US banking system known as a dual banking system? What historical developments led to that structure? How is the structure justified today?

Examine the us passenger airline industry using the five

Examine the U.S. passenger airline industry using the five forces. Is this an attractive industry? Why or why not?

Suppose the annualized yield on a one-year security today

Suppose the annualized yield on a one-year security today is 0.01. The markets expect the annualized yield on a one-year security to be 0.02 one year from today, 0.03 two years from today, and 0.04 three years from today ...

Assume thatnbspxnbspis a poisson random variable

Assume that X is a Poisson random variable with μ = 22. Calculate the following probabilities. (Do not round intermediate calculations. Round your final answers to 4 decimal places.) (Please explain how you solved t ...

According to the center for disease control the mean total

According to the center for Disease Control, the mean total cholesterol for men between the ages of 20-29 is 180 milligrams per deciliter with a standard deviation of 36.2. A healthy total cholesterol level is less than ...

How would you explain the concept of a quality adjusted

How would you explain the concept of a quality adjusted life year? When is it appropriate to use "QALYs" instead of simply improved life expectancy as the outcome measure in an economic evaluation?

A sample of 36 us households is taken and the average

A sample of 36 U.S. households is taken and the average amount of newspaper garbage or recycling is found to be 27.8 pounds with a standard deviation of 2 pounds. Estimate, with 99% confidence, the mean amount of newspap ...

In 2009 the hershey company of pennsylvania became the

In 2009, the hershey company of pennsylvania became the latest company to open a candy factory in mexico, joining other american candy companies including brach's confections and ferrara pan candy, which had opened plans ...

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 Business Economics Expert