If the total cost of manufacturing a commodity is dollars when x units are produced, for what value of x is the average cost the least?
See the attached file.
Assuming this firm is a short-run profit-maximizer or loss-minimizer. which statement best describes its present situation?
See attached file for full problem description.
Average cost declines as output expands in a production process with:
a. constant returns to scale.
b. decreasing returns to scale.
c. decreasing returns to a factor input.
d. increasing returns to scale.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more
Recent Comments