If the total cost of 20 units of a product is 20 and the, Ask an Expert

Economics

If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the:

Marginal cost is decreasing

Marginal cost equals average variable cost

Average total cost equals average variable cost

Marginal cost equals average total cost

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423228

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose that thenbspwall street journalnbspreports that we

Suppose that the Wall Street Journal reports that we are headed for a recession. You are the manager of a firm that produces Starcho Lunch. Your marketing research people tell you that the demand for your product is gi ...

Suppose you roll a standard 6-sided die if you roll a 1 1

Suppose you roll a standard 6-sided die. If you roll a 1 (1), you randomly select one chip from a bowl containing 2 red (R) and 3 white (W) chips. If you don't roll a 1 (1c), you randomly select 1 chip from a bowl contai ...

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight x such that only 20% of adults weigh less than that. A. 136 B.190 ...

How is the study of how firms decisions about prices and

How is the study of how firms' decisions about prices and quantities depend on the market conditions they face,the field of industrial organization, and the cost of production.

Doctoral assistant ships of phd students 50 have paid

Doctoral assistant ships of Ph.D students 50% have paid assistant ships. a random sample of n=200 students is chosen.. based on this sample and using the properties of the binomial distribution, what is the approximate s ...

A population has a mean72 and a standard deviation sigma28

A population has a mean=72 and a standard deviation σ=28. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=49.

What is bitcoin and why does it have value is bitcoin money

What is Bitcoin and why does it have value? Is Bitcoin money? Explain why it does or does not satisfy the three conditions it must meet to be considered money.

There are two firms that produce large commercial airplanes

There are two firms that produce large commercial airplanes, namely, Boeing and Airbus. Boeing and Airbus have different flight control systems, with many pilots preferring one system over the other. The Airbus A380 has ...

How does off-task behavior change the dynamics of the

How does off-task behavior change the dynamics of the learning environment? Provide an example and a strategy to handle the behavior.

Please discuss the followingas demand increased for these

Please discuss the following: As demand increased for these mortgage backed securities, lenders reacted by relaxing their approval standards to increase production. No longer were "all" borrowers required to document the ...

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