COMPLETE QUESTION:
The statements and equations below show various ways of defining average variable cost, marginal cost, and average total cost. Below, TC is used to abbreviate total cost, VC is used to abbreviate Variable cost, and Q is used to abbreviate quantity. Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.
Average Variable Cost Marginal Cost Average (Total) Cost
The amount by which total cost increases when an additional unit is produced
Total cost divided by quantity of output
Change in the total cost divided by change in output
VC / Q
The sum of all costs that change as output changes divided by the number of units produced.
TC / Q
ΔTC/ΔQ
Answer and Explanation:
Marginal Cost is the value by which total cost increases when more units are produced.
Marginal Cost = VC / Q
Average Variable Cost is the cost per the quantity of output. It is the difference in the Total Cost per change in output.
Average Cost is the addition of all costs that change due to changes in output per the number of units produced.
TC / Q= Variable Cost
ΔTC/ΔQ= marginal cost
Answer:
b. additional costs for attending a college or university.
Explanation:
Textbooks, transportation and room and board are additional costs for attending a college or university.
They aren't included as part of tuition costs.
They are the real costs of attending college.
These costs needs to be considered when choosing a college.
I hope my answer helps you
Answer:
The most influential in making the crucial decision is:
the consumer demand
Explanation:
Before the School Band members finalize on their decision about selling energy drinks and organizing a car wash, they will need to assess the demand for their product or service. This is critical because without effective demand, supply would be met with negative reactions which will not produce good results, no matter the decision taken.
Answer:
- News report on website and social media channels.
- Quarterly earnings call.
- Annual General meeting.
Explanation:
As there are no options available, I listed three ways in order of ease of implementation.
Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.
Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.
Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.
Answer:
dual price
Explanation:
According to my research on economics, I can say that the improvement in the value of the objective function per unit increase in a right-hand side is referred to as the dual price. This strategy is used by most businesses as a way of taking market shares away from their competitors.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
