What is the relationship between marginal cost and marginal product

Asked by admin @ 22/11/2021 in Advanced Placement (AP) viewed by 455 People

Explain the relationship between the marginal product curve and the marginal cost curve.

Answered by admin @ 22/11/2021

The increasing portion of the marginal product curve corresponds with the decreasing portion of the marginal cost curve.

The quantity of output in which marginal cost is at a minimum is the same quantity of output produced by the variable input when the marginal product of the variable input is at a maximum.

Explain the relationship between marginal product and average product

Asked by admin @ 20/08/2021 in Business Studies viewed by 323 persons

Explain the relationship between marginal product (mp) and average product(ap)

Discuss the relationship between marginal product and total product

Asked by admin @ 17/08/2021 in Economy viewed by 299 persons

Explain the relationship between marginal product and total product.

Profits are maximized when marginal revenue and marginal costs are

Asked by admin @ 22/11/2021 in Social Studies viewed by 327 persons

A producer’s profits are maximized when marginal costs are _____. less than marginal revenue resulting in decreasing marginal returns equal to fixed costs minus variable costs equal to marginal revenue

The relationship between biomass and primary productivity is that _____

Asked by admin @ 29/10/2021 in Biology viewed by 269 persons

Within an ecosystem, the _____ is always greater than the _____. view available hint(s) within an ecosystem, the _____ is always greater than the _____. number of producers; number of …

What is the relationship between oxygen use and heat production

Asked by admin @ 03/08/2021 in Chemistry viewed by 329 persons

What is the relationship between oxygen use and heat production?

What is a production cost report

Asked by maham237 @ 12/02/2021 in Business viewed by 313 persons

PA12. LO 5.4Complete this production cost report:

Marginal resource cost refers to the

Asked by maham237 @ 06/01/2021 in Business viewed by 280 persons

g Marginal resource cost refers to the: A. increase in total cost resulting from the production of one more unit of output. B. amount by which a firm's total resource …

Traditional volume based product costing system

Asked by maham237 @ 01/01/2021 in Business viewed by 320 persons

Harwell, Inc. uses a traditional volume-based costing system in which direct labor hours are the allocation base. Harwell produces two different products: Product A, which uses 40,000 direct labor hours, …

What is the relationship between water clarity and kelp productivity

Asked by maham237 @ 25/12/2020 in Biology viewed by 712 persons

Difference between marginal revenue product and value of marginal product

Asked by admin @ 10/11/2021 in Business viewed by 342 persons

What is the difference between the marginal product of labor and the marginal revenue product of labor for a firm in a perfectly competitive market? A. The marginal revenue product …

Which method is better for assigning costs to each product

Asked by admin @ 26/11/2021 in Business viewed by 311 persons

When should process costing techniques be used in assigning costs to products? a. if the firm manufactures heterogeneous products b. if the products are repetitively produced c. if the products …

What is the difference between marginal cost and marginal benefit

Asked by admin @ 31/10/2021 in Business viewed by 353 persons

How does the relationship between marginal cost and marginal benefit impact producers? It helps producers market their products to new customers. It means that producers make as much of their …

When total product is maximum marginal product is

Asked by admin @ 31/08/2021 in Economy viewed by 371 persons

1. When total product is maximum then marginal product: (a) decreases(b) increases(c) is also maximum(d) is zero

Firms use marginal analysis to determine production output levels by

Asked by maham237 @ 29/05/2021 in History viewed by 297 persons

Marginal cost function

Asked by maham237 @ 09/01/2021 in Mathematics viewed by 322 persons

For the cost function, find the marginal cost at the given production level x. State the units of measurement. (All costs are in dollars.)C(x) = 15,000 + 70x + 1,000/x …