A. The firm's fixed cost is RT. B. The firm's average variable cost is RT/BT. C. The firm's marginal cost is RT/RB. D. The firm's variable cost is AB

When the marginal cost is lesser than the average cost the firm is producing in which     Answers: A.  The average cost is decreasing.   B.  The total cost is decreasing.   C.  The average cost is increasing.     D.  The marginal cost is decreasing.

When you calculate marginal costs, they should include: SELECT THE CORRECT ANSWER  A.the market price of the product. B.only variable costs. C.both the variable and fixed costs. D.only fixed costs.

At Emory's Pens and Pencils when they produce 50 pens their total cost is $80. Emory's marginal cost to produce the 51st pen is $1. What is the average total cost of producing 51 pens?

Macmillan Learning (Figure: The Cost Curves for Charlie's Cookie Confections) Use Figure: The Cost Curves for Charlie's Cookie Confections. The curve labeled X represents the firm's Cost per unit marginal O average 0 fixed costs per unit O variable costs per unit. cost curve. V W xह Y Quantity

Calculate the marginal cost when the total cost rises from 30 to 75 and the quantity changes from 1 to 2

Suppose a firm's marginal cost is increasing as it produces more output. Then the firm is said to be experiencing which of the following? a.increasing returns to scale b.diminishing returns to scale c.losses d.profit