WebA firm's output is 80 units, its marginal cost is $42, its average variable cost is also $42, and its average fixed cost is $10. The slope of its average fixed cost curve is A) positive but … WebMay 31, 2024 · As a result, the total incremental cost to produce the additional 2,000 units is $30,000 or ($330,000 - $300,000). The incremental cost per unit equals $15 ($30,000 / 2,000 units). The reason...
Marginal Cost Meaning, Formula, and Examples - Investopedia
WebFeb 1, 2024 · Marginal cost is the cost associated with producing one more unit of output. Mathematically speaking, marginal cost is equal to the change in total cost divided by the … Web1) E. z only ; it's true as marginal cost intersect average total cost curve at its minimum ie where with maximum output, minimum cost can be put into, for made output ie the efficiency level also for the firm Why not others :- it not variable ra … View the full answer Previous question Next question teacup and flowers images
Why is the Marginal Cost (MC) of a monopoly horizontal
WebMarginal cost (MC) is calculated by taking the change in total cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping. … WebMay 12, 2024 · The marginal cost of production is calculated by dividing the change in the total cost by a one-unit change in the production output level. The calculation determines … Marginal costs are not affected by the level of fixed cost. Marginal costs can be expressed as ∆C/∆Q. Since fixed costs do not vary with (depend on) changes in quantity, MC is ∆VC/∆Q. Thus if fixed cost were to double, the marginal cost MC would not be affected, and consequently, the profit-maximizing quantity and price would not change. This can be illustrated by graphing the short run total cost curve and the short-run variable cost curve. The shapes of the curves are ide… tea cup and infuser