## Question

###### 1 price equals marginal revenue at all output levels Question 16 4 pt The significance of...

1 price equals marginal revenue at all output levels Question 16 4 pt The significance of the minimum point on the average variable cost curve is that: it is the point of indifference between producing at a loss and shutting down. it shows the amount of total cost incurred by a firm in the production process.! if the firm produces one more unit, its average variable cost will be less than its marginal cost. it is the profit-maximizing level of output. it is the selling price of a good.

## Answers

Answer : 16) The answer is option C.

At minimum point of average variable cost the marginal cost curve intersect the average variable cost curve. After that point the marginal cost and average variable cost increase continuously but the marginal cost is greater than the average variable cost. So, after that minimum point if the firm produce more 1 unit then the marginal cost will be greater than the average variable cost. Therefore, option C is correct.

#### Similar Solved Questions

1 answers

##### Calco, Inc., rents its store location. Rent is $6,000 per month, payable quarterly in advance. On...

Calco, Inc., rents its store location. Rent is $6,000 per month, payable quarterly in advance. On July 1, a check for $18,000 was issued to the landlord for the July–September quarter. 1. Required information Requirement 1: a. Prepare the Horizontal model for each of the following transactions...

1 answers

##### What philosophic views or paradigms best characterize your beliefs and approaches in nursing research and practice?...

What philosophic views or paradigms best characterize your beliefs and approaches in nursing research and practice? Subject: Nursing Theories...

1 answers

##### 6.5 Quantum Numbers nts Define and describe the quantum numbers Question Which electron spin state has...

6.5 Quantum Numbers nts Define and describe the quantum numbers Question Which electron spin state has the lower energy in the absence of an external magnetic field? Select the correct answer below: Om, + O m, m, = + energy and m, =-have the same There is not enough information to answer this questi...

1 answers

##### A circle has a center at #(7 ,9 )# and passes through #(4 ,3 )#. What is the length of an arc covering #pi /4 # radians on the circle?

A circle has a center at #(7 ,9 )# and passes through #(4 ,3 )#. What is the length of an arc covering #pi /4 # radians on the circle?...

1 answers

##### Problem 7. (10 pts) The insurance company has a cohort of policyholders, 70% of whom are...

Problem 7. (10 pts) The insurance company has a cohort of policyholders, 70% of whom are non-smokers and 30% of whom are smokers. For the fixed age x, the insurance company's model for mortality has ONS = ONS = 0.15 (non-smoker) and q = = 0.25 (smoker). (a). A policyholder is chosen at random fr...

1 answers

##### Marting EtODEL (30 points) Show stepwise how would you prepare the following compounds from the provided...

Marting EtODEL (30 points) Show stepwise how would you prepare the following compounds from the provided starting material and any other organic or inorganic compound. In order to have full credit you must show all the reaction conditions and the structure of your products in each transformation Hin...

1 answers

##### For questions 12 und 13 t is kmown that the nean diameter of pine trees in...

For questions 12 und 13 t is kmown that the nean diameter of pine trees in a national forest is 9.6 (inches) with a standard deviation 2A (inches). Assuming that the treediameters are distributed normally. 12 If a pine tree is to be selected randomly from this forest, what is the probability that 24...

1 answers

##### Exercise 2 -11 ad The following facts pertanto a non-cancelable lease agreement between Kingbird Leasing Company...

Exercise 2 -11 ad The following facts pertanto a non-cancelable lease agreement between Kingbird Leasing Company and Blossom Company, a lessee May 1, 2017 Annual lease payment due at the beginning of each year, begening with May 1, 2017 Bargain purchase option price at end of lease term Lease term F...

1 answers

##### Pharoah offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers...

Pharoah offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $2.65. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $2.40. In addition, it cos...

1 answers

##### Instruction: Use Table A representing hypothetical production capacities of two economies in answering the followin...

Instruction: Use Table A representing hypothetical production capacities of two economies in answering the following questions. A) Without Specailization/Pre-trade Country/Good Hours/unit of wine Hours/unit of bread Philippines Philippines 1.5 3 5 5 1. Who has absolute advantage in producing both go...

1 answers

##### How do you find the limit of #|x-7|/(x-7) # as x approaches 7?

How do you find the limit of #|x-7|/(x-7) # as x approaches 7?...

1 answers

##### Question 10: We have an aqueous solution with a mass percent of 42.7 % for C2H5OH...

Question 10: We have an aqueous solution with a mass percent of 42.7 % for C2H5OH (C2H5OH is the only solute). The density of this solution is 0.942 g/mL. Calculate the molarity, molality, and mole fraction of C2H5OH in this aqueous solution. ...

1 answers

##### I. Assume that you are managing a portfolio. You have collected the data of the port-...

I. Assume that you are managing a portfolio. You have collected the data of the port- folio's daily return during the past 40 days. Currently, the portfolio value is v. You want to calculate the 5-day Value at Risk (VaR). You do not believe the portfolio's returns follow any known distributi...