--%>

realtionship between MC and AVC

what happens to AVC if MC>AVC

   Related Questions in Microeconomics

  • Q : Probable demand to be least price

    Of the given, the good for that demand is probable to be least price elastic is: (i) electricity used to light downtown streets. (ii) airline tickets in late December. (iii) Bic pens. (iv) chocolate milk. (v) Merit cigarettes.

    Q : Risk and Uncertainty In word of Frank

    In word of Frank Knight, risk: (w) exists when the probability of any specified event can be predicted. (x) appeals to the gambler personalities of innovators who next in social progress. (y) is irrelevant to good calculates of the economic costs of p

  • Q : Question based on balance sheets Help

    Help me to solve this problem. Refer to the given balance sheets. If the reserve ratio is 25%, the maximum money-creating potential of the commercial banking system is: A) $36. B) $17. C) $48. D) $24.

    Q : Comparative advantage in making food

    When Wilma can make a brontosaurus burger in 10 min and a cactus cooler in 5, whereas Betty can make the burger in 8 min and the cactus cooler in 3. Then find out the right option from the above: (1) Betty consists of a comparative disadvantage in the coolers and a co

  • Q : Labor Unions-Public Employees I have a

    I have a problem in economics on Labor Unions-Public Employees. Please help me in the following question. Workers who are now permitted to join unions however who still might not legally strike comprise: (1) Civilian federal employees. (2) Medical pro

  • Q : Transfers to the poor in-kind Transfers

    Transfers to the poor “in-kind” are probably to be favored over cash transfer payments through: (a) people who are skeptical that the poor can manage their income competently. (b) economists concerned with improving effici

  • Q : Maximizing profit by hiring labor The

    The firm maximizes profit by hiring the labor at a point where labor’s: (i) Marginal physical product equal its average physical product. (ii) Marginal revenue product equivalents its marginal resource cost. (iii) Rate of exploitation is maximum. (iv) Wage rate

  • Q : Problem on Rate of Exploitation The

    The difference among the value of marginal product of the labor and average wage rate will tend to be maximum when a firm: (i) Joins significant market power in output market and monopsony power in the labor market, however does not wage discriminate. (ii) Is a pure c

  • Q : Problem regarding Privatization I have

    I have a problem in economics on Problem regarding Privatization. Please help me in the following question. The procedure of transforming government-run production facilities into ‘for-profit’ businesses is: (i) Privatization. (ii) Cartelization. (iii) Cap

  • Q : Important of economies of scale to

    Karl Marx's prediction which competition ultimately leads to monopoly is most likely to be valid while: (w) diseconomies of scale discourage competition. (x) there are always constant returns to scale. (y) economies of scale are important relative to